THE PRINCIPAL COMMISSIONER OF INCOME TAX, vs. SMT.GRACY BABU,
ITA/54/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
32 ITR 688 (SC), it was held
that the heads of income provided for in the sections of the Indian Income Tax Act,
1922 are mutually exclusive and where any item of income falls specifically under
one head, it has to be charged under that head and no other. In other words,
income derived from different sources falling under