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2013 (12) TMI 1386 - AT - Income TaxDetermination of annual letting value u/s 23(1)(a) - Whether interest free deposit received is part of annual lettable value u/s 23(1)(a)- Held that:- The assessee has himself declared the actual rent which is much higher than the municipal value of the property - The assessee, otherwise could have insisted the AO to adopt the municipal value which is less than the actual rent claimed by the assessee - This act of the assessee itself shows that the claim is bona fide in nature which prima facie appears that there is no concealment in respect of the actual rent received by the assessee and also the assessee has not inflated/deflated the rental income by reason of any extraneous consideration - Decided against Revenue.
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