https://www.taxtmi.com/caselaws?id=56522 Rental income from immovable property is to be apportioned according to the parties' respective beneficial interests where those interests are definite and ascertainable from their separate investments. An equal-share presumption applies only when the shares cannot be proved; here, the evidence showed clear contribution ratios, so the property could not be treated as owned in equal one-fourth shares. On those facts, section 26 of the Income-tax Act applied and the assessment based on proportionate contribution was upheld, rejecting equal division of the rental income. en-us Thu, 26 Sep 2002 00:00:00 +0530 Sat, 04 Dec 2010 12:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56522 Rental income from immovable property is to be apportioned according to the parties' respective beneficial interests where those interests are definite and ascertainable from their separate investments. An equal-share presumption applies only when the shares cannot be proved; here, the evidence showed clear contribution ratios, so the property could not be treated as owned in equal one-fourth shares. On those facts, section 26 of the Income-tax Act applied and the assessment based on proportionate contribution was upheld, rejecting equal division of the rental income. Case-Laws Income Tax Thu, 26 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56522