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2019 (2) TMI 283 - ITAT MUMBAIDeduction u/s. 24 (a) - AO disallowed the rent received from Reliance Telecom by holding that if income is liable to be taxed as income from other sources and not under the head Income from House Property - Held that:- As relying on MATRU ASHISH CO-OPERATIVE HOUSING SOCIETY LTD. VERSUS INCOME-TAX OFFICER [2010 (8) TMI 1035 - ITAT MUMBAI] that income from letting out of the terrace has to be assessed under the head ‘income from house property’ subject to deduction u/s. 24 of the Act as against income from other sources as assessed by the AO. Since in the present case, the facts in dispute are identical and no difference in facts could be pointed out by the Revenue, respectfully following this order of the Tribunal, decide the issue in favour of the assessee.
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