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2010 (7) TMI 438 - AT - Income TaxRental income - determination of annual letting value of the property - held by the Tribunal that the agreement between the assessee and M/s Minicon having been treated as sham and the rental income received by M/s Minicon in respect of the property having been treated as rent received by the assessee - rental income already declared by M/s Minicon in its return of income was duly assessed in the hands of the said company and even the credit for taxes paid on the said income as claimed by the said company was also allowed - claim of the assessee for such credit thus beyond the scope of rectification permissible u/s 154 – Appeal dismissed
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