1986 (6) TMI 81

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....sst. yr. 1981-82 the learned AAC has erred in directing the ITO to recompute the income of the assessee under the head house property instead of other sources." 2. While it is contended by Smt. Archana Ranjan, ld. departmental representative that the property situate at A-27, Naraina Industrial Area, Phase-II, New Delhi, having not been registered in the assessee's name, the income derived ther....

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....7th June, 1980, the income of Rs. 2,000 per month derived by the assessee was described as 'income from commission'. According to him, cl. (5)(a) of the Perpetual Lease granted by the Delhi Administration provided that the assessee who was the lessee of the above named property stood forbidden from selling, transferring, assigning or in any way parting with the possession of the property for a per....

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.... up a unit for the manufacture of shoes, the assessee had agreed to receive from the second party a commission of 1 per cent on total sales subject to a maximum amount of Rs. 2,075 and a minimum amount of Rs. 2,000 per month. The electricity connection of a certain specification was also to be provided by the assessee to the party of the first part in the above mentioned factory building. It was f....

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.... on the basis of sharing the profits of shoe manufacturing business carried on in those premises on commission basis. On account of this reason, we would not be able to accept the representation made by the ld. authorised counsel of the respondent that the income was assessable under the head 'income from house property'. 4. The decision of the Hon'ble Delhi High Court in the case of Sushil Ans....