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2021 (4) TMI 238 - AT - Income TaxIncome from house property - determining the ALV value of the unsold flats - HELD THAT:- As decided in own case. [2019 (8) TMI 1668 - ITAT MUMBAI] as relying on case of Ferani Hotels Pvt. Ltd. [2014 (11) TMI 985 - ITAT MUMBAI] wherein as deleted the addition confirmed by the CIT (A) on account of notional rent determined by the AO by holding that the ALV of the unsold unit of assessee project is assessable under the head ‘income from house property’. Since, the findings of the Ld.CIT (A) is not in accordance with the decision of the coordinate Bench rendered in the case of Ferani Hotels Pvt. Ltd. (supra), we respectfully following the decision of the coordinate Bench set aside the order of the Ld. CIT (A) and allow the appeal of the assessee and direct the AO to delete the addition made under the head ‘income from house property’. - Decided in favour of assessee.
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