Landmark case · Law of Taxation · Semester 6
CIT v. G.K. Devarajulu
heads-of-income line · Supreme Court of India
Income must be computed under the correct statutory head; mischaracterisation vitiates the assessment.
From topic
Salary and income from house property — Unit II, Law of Taxation.
Related sections:
- Income-tax Act, 1961, 14 — Heads of income
- Income-tax Act, 1961, 15–17 — Salaries, perquisites and profits in lieu of salary
- Income-tax Act, 1961, 22–27 — Income from house property