TMI Blog2011 (2) TMI 1310X X X X Extracts X X X X X X X X Extracts X X X X ..... he CIT(A)-26, Mumbai relating to assessment year 2006-07. 2 The only effective ground raised by the assessee reads as under: On the facts and under the circumstances of the case and in law, the ld CIT(A) erred in considering the notional value of first flat at Rs. 3 lacs instead of Rs. 1,163/- u/s 23 of the I T Act. 2.1 Facts of the case, in brief, are that the Assessing Officer during ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, the same is bound to be treated as deemed let out and deemed let out income at rent Maintainable Act is proposed to be added to the income of the assessee. 2.2 It was explained by the assessee that both the flats are self occupied properties; therefore, there is no justification in treating one flat as deemed let out and therefore, no addition is called for. 3 However, the Assessing Offic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ws. According to the CIT(A), no such property can be let out even for less than Rs. 50,000/- per month. Since the Assessing Officer has adopted only Rs. 25,000/- per month the same cannot be presumed to be unreasonable or baseless or unacceptable. 5 Aggrieved with such order of the CIT(A), the assessee is in appeal hr before us. 6 I have considered the rival submissions made by both the part ..... X X X X Extracts X X X X X X X X Extracts X X X X
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