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2016 (6) TMI 1127 - AT - Income TaxCarry forward of losses under the head “Income from House Property” as provided for in Section 71B - Held that:- ITAT ‘F’ Bench in case of Vaidehi Estates Ltd. Vs. DCIT (OSD) [2015 (7) TMI 1131 - ITAT MUMBAI] on similar issue decided the same in favour of assessee. Nothing contrary was brought to our knowledge on behalf of Revenue. Facts being similar, so following same reasoning, we hold that income assessee is to be computed as ‘Income from House Property’. Accordingly, assessee’s claim in this regard is allowed. Regarding departmental grievance, once we have held that income is to be assessed as ‘Income from House Property’ as above, on the basis of order of CIT(A) this issue is upheld.
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