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2014 (10) TMI 549 - SC - Income TaxScope of term owner of house property u/s 27(iiib) – Pre-requisites of Section 269UA(f)(i) - Whether the tenants from month to month or which are for a period not exceeding one year are excluded from the definition - Held that:- Neither the order of the Tribunal nor the order of the High Court indicate any consideration in respect of the house property named Kanti Lal House except observing that the assessee has been a tenant for a long period and that it had let out the premises - No definite finding of fact about the pre-requisites of Section 269UA(f)(i) read with explanation has been recorded either by the Tribunal or by the High Court – the matter needs re-consideration for the determination of facts – thus, the matter is to be remitted back to the Tribunal for fresh hearing – Decided in favour of assessee.
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