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2019 (7) TMI 1763 - ITAT MUMBAIIncome from house property - ALV of the vacant flat - municipal ratable value Adoption - HELD THAT:- In the case of Harsh Jain [2015 (7) TMI 1253 - ITAT MUMBAI] The coordinate bench has taken the similar view in which the municipal ratable value has taken into consideration for the deemed income from the house property. The said decision has also been upheld by Hon’ble Bombay High Court in the case of PCIT Vs. Harsh Jain [2019 (2) TMI 537 - BOMBAY HIGH COURT] Therefore, in view of the said circumstances, we are of the view that the ALV of the vacant flat has to be determined on the basis of municipal ratable value for the purpose of assessing income under the house property. Accordingly, we decide this issue in favour of the assessee against the revenue.
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