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2015 (4) TMI 1235 - AT - Income TaxNature of income - sum received by the assessee from ICICI Bank - assessable under the head “income from house property” OR “income from other sources” - Held that:- Common ground between the parties that in A.Y. 2005-06 the issue came up before the Tribunal the issue was decided in favour of the assessee the fact that the agreement for letting out the premises to ICICI Bank Ltd. is for a period of 15 years, clinches the issue in favour of the assessee as they become the deemed owner under the provision of section 27(iiib) r.w.s. 269 UA (f)(i) of the Act and accordingly is entitled to deduction as provided u/s 24(a) of the Act - no mistake in the order of CIT(A) in holding that the assessee is the deemed owner of the premises u/s 27(iiib) of the Act and the order of the CIT(A) is confirmed and the grounds of appeal of the revenue are dismissed.
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