TMI Blog2014 (1) TMI 1089X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 - - - Dated:- 17-1-2014 - Hon'ble Dr. Satish Chandra And Hon'ble Vishnu Chandra Gupta,JJ. For the Appellant : D. D. Chopra For the Respondent : Rakesh Garg, Yogesh Agarwal ORDER Present appeal under section 260-A of the Income Tax Act, 1961 has been preferred by the Department against the judgment and order dated 08.06.2007 passed by the Income Tax Appellate Tribunal, Lucknow i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said to have been expired after initial ten years since its inception in the year 1968 when it had the specific clause of its renewal for another two terms of ten years each especially when all the arrangements continued unhindered till the assessment as per the original lease deed and the assessee having failed to produce any agreement to the contrary, including in support of his contention that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le to another period of ten years on 10% increase in rent. The assessee shown the income under the head "Business Income" but the A.O. has treated the income under the head 'Income from House Property'. The CIT (A) has confirmed the order of the A.O. but the Tribunal has accepted the plea of the assessee. Being aggrieved, the department has filed the present appeal. With this background, heard ..... X X X X Extracts X X X X X X X X Extracts X X X X
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