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2018 (10) TMI 1685 - AT - Income TaxIncome from house property - rental value assessed by municipal authorities for computing the deemed rent u/s 23(1) (a) - HELD THAT:- As decided in assessee's own case for the A.Y. 2012-13 as adjudicated on the basis of the decision of Bombay High Court in the case of CIT Vs. Tip Top Typography [2014 (8) TMI 356 - BOMBAY HIGH COURT] . It is specifically held that only value fixed by the municipal authority can be a rational yardstick for computing deemed rent u/s 23(1)(a) of the Act. Since, the matter of controversy has been fully covered by decision of the Hon’ble ITAT in the assessee’s own case (supra). Therefore, we set aside the finding of the CIT(A) on this issue and allowed the claim of the assessee.
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