2009 (8) TMI 1164

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..... JUDGEMENT 1. Heard learned senior counsel for the appellant and learned counsel appearing for revenue. All the appeals were admitted on 27/8/2008 on the following substantial questions of law:- 1. Whether on the facts and in the circumstances of the case the Tribunal was justified in law in holding that the assessing officer rightly determined the annual rateable value of the property let .....

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..... tting value as per municipal authorities and actual rent received by the assessee and other relevant facts and then pass necessary order as per law after hearing the assessee. It appears that even after remand, the assessing officer has taken the same view which was set aside by the Tribunal. The appeal went upto the Tribunal after crossing the hurdle of first appeal. The Tribunal has affirmed the .....

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..... set aside looking to the consensus between the parties and the matter is remanded back to the assessing officer in the light of the judgments of this Court in M.V. Sonawala, J.K. Investors (Bombay) Ltd. and Akshay Textiles Trading Agencies Ltd. referred hereinabove and the other judgments holding the field with one more clarification that the ratio of calculation of annual rateable value shall b .....

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