2001 (2) TMI 96 - HC - Income Tax

Summary

The High Court of Delhi ruled that income from a DDA flat purchased under a hire purchase agreement cannot be assessed as income from house property. The dispute was for the assessment years 1977-78 and 1978-79. The court held that the assessee was merely a tenant under the agreement, and there was no taxable income. The references were disposed of as no legal question arose.