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2017 (1) TMI 264 - HC - Income TaxAnnual value determination - Fair rental value u/s 23(1)(a) - Municipal value or actual rent received – Held that:- It is an agreed position between the parties that the issue arising in the present case would stand governed by the decision of this Court in respondent assessee's case relating to Assessment Year 2005-06 decided in Commissioner of Income Tax 12 Vs. Tip Top Typography [2014 (8) TMI 356 - BOMBAY HIGH COURT ]. In the above view, the impugned order of the Tribunal is quashed and set aside and restored to the Assessing Officer to decide the lis between the parties in respect of the questions raised herein. We direct the Assessing Officer to decide the dispute in accordance with the principles led down by this Court in Tip Top Typography (supra).
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