2001 (10) TMI 1165 - HC - Income Tax

Summary

The High Court of Rajasthan dismissed the application under section 256(2) regarding exemption under section 10(19A) of the Income-tax Act, 1961 for rental income from Umaid Bhawan Palace. The Court ruled that the exemption applies to the entire palace, even if only a part is self-occupied by the former ruler. The decision was based on previous rulings and the application was rejected.