TMI Blog1990 (1) TMI 47X X X X Extracts X X X X X X X X Extracts X X X X ..... ourt : "(1) Whether, on the facts and in the circumstances of the case, the Hon'ble Income-tax Appellate Tribunal was justified in deleting the addition made on account of difference in market rent and rent actually paid in respect of property at 19, Tuglak Road, New Delhi ? (2) Whether, on the facts and circumstances of the case, the Tribunal was justified in holding that the trust by allowin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 981] 131 ITR 435 (SC) and Amolak Ram Khosla v. CIT [1981] 131 ITR 589, came to the conclusion that the market rent could not be more than the standard rent. It further held that as the rent which was being actually paid was more than the standard rent, the question of there being any addition did not arise. In our opinion, question No. 1 which is proposed by the Department is purely academic as it ..... X X X X Extracts X X X X X X X X Extracts X X X X
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