Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (12) TMI 25 - CALCUTTA HIGH COURTComputation of income of the assessee from the house property – the present case for calculating income from house property fair rent has been taken as Rs. 11,68,985. In the judgment of the Commissioner of Income-tax (Appeals) it was considered that the said figure as accepted by the Assessing Officer, is not the amount received by the owner, but is the amount received by the tenant from its sub-tenant and therefore, the said appellate authority directed the Assessing Officer to revise the computation of income from the house property replacing the annual letting value at Rs. 11,68,985 by Rs. 1,14,888. This finding was affirmed by the Tribunal - actual receipt by the assessee from its tenant has been taken into consideration for the purpose of assessing the income from the house property appears to be correct – no interference is required in tribunal’s order
|