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2017 (5) TMI 111 - ITAT MUMBAIRental value of the property - determination of Annual Letting Value of the property - The Assessing Officer was of the view that 10% of the security deposit should be considered as reasonable percentage of interest and this should be added to the rental value of the property for arriving at Annual Letting Value of the property - Held that: - this issue has been considered by the Coordinate Bench in the case of DCIT Vs. Dinesh M Shah [2017 (2) TMI 1191 - ITAT MUMBAI], wherein on similar circumstances, the Assessing Officer considered 10% interest free deposit as part of rental income on account of letting out of properties while computing ALV. Disallowance of deduction of society charges of ₹ 2,92,615/- from rental income u/s 23 of the Act - Held that: - from the order of the Coordinate Bench in Assessee’s own case in ITA Nos.7210/Mum/2007 & 3552/Mum/2009 for the assessment years 2002-03 & 2006-07 that this issue has been restored back to the file of the Assessing Officer for necessary verification and deciding the issue afresh - issue restored to the file of the Assessing Officer for fresh adjudication. Appeal allowed by way of remand.
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