https://www.taxtmi.com/caselaws?id=59861 The Tribunal upheld the department's view, assessing rental income from a flat leased by an individual as income from 'Other sources' due to the individual's possession and enjoyment of the property, despite it not being registered in her name. The Tribunal dismissed the argument regarding an irrevocable agreement with the builder preventing taxation, emphasizing the completed transfer of the asset. Following binding High Court decisions, the Tribunal allowed the department's appeals, affirming the taxation of the rental income under section 56 of the Income-tax Act based on the individual's possession and income derived from the flat. en-us Fri, 05 Jun 1987 00:00:00 +0530 Sat, 01 Jan 2011 15:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59861 The Tribunal upheld the department's view, assessing rental income from a flat leased by an individual as income from 'Other sources' due to the individual's possession and enjoyment of the property, despite it not being registered in her name. The Tribunal dismissed the argument regarding an irrevocable agreement with the builder preventing taxation, emphasizing the completed transfer of the asset. Following binding High Court decisions, the Tribunal allowed the department's appeals, affirming the taxation of the rental income under section 56 of the Income-tax Act based on the individual's possession and income derived from the flat. Case-Laws Income Tax Fri, 05 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59861