2010 (12) TMI 1295

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..... s raised various grounds but the only dispute raised by the Revenue is whether income received from ICICI bank was to be assessed as income from house property or as income from other sources . 2. After hearing both the parties, we find that identical issue came up before the Tribunal for A.Y 2005-06 in I.T.A.No.3008/Mum/2008. In that case this issue was decided by the Tribunal vide para-4 w .....

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..... the case we find that the assessee become a deemed owner in accordance with the provision of section 27[iiib] r.w.s. 269UA(f)(i) of the Act. There is no material on record to suggest that the letter dated 24/11/2000 of M/s Vrindavan Lal Goverdhan Lal is not genuine. The fact that the agreement for letting out the premises to ICICI Bank Ltd. is for a period of 15 years, clinches the issue in favou .....

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