TMI Blog2017 (9) TMI 1917X X X X Extracts X X X X X X X X Extracts X X X X ..... o reason to disturb the notional value taken by the AO for Flat No. 16 18 at Kalpana, while making addition u/s.22 of the IT Act. Flat No.1, Joothica Co-operative Housing Society Ltd., 22, Naushir Bharucha Road, Mumbai 400 007 was claimed to be not in a habitable state and therefore it did not have a ready marketable value. In the interest of justice, I restore this issue to the file of AO for verifying factual position and to decide the same afresh as per law. In respect of Flat No.402, West Wind, Plot No.170/1, Gandhi Gram Road, Juhu, Mumbai 400 049, we do not find any infirmity in the order of lower authorities, accordingly, we confirm the addition made by AO u/s.22. Appeals of the assessee are allowed in part in terms ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtained to the assessee 1 1 /2nd undivided share in Flat No. 1 6 at Kalpana, 96 Netaji Subhash Road, Mumbai 147.55 1587.64 (SOP) 2 1/3rd undivided share in Flat No. 18 at Kalpana, 96, Netaji Subhash Road, Mumbai 52.96 569.85 3 Flat at Jhoothika Co-operative Housing Society Limited, Flat No.l, 22, Naushir Bharucha Road, Mumbai 38.57 416.01 4 Flat at West wind, Flat No. 402, Plot No. 170/1, Gandhi Gram Road, Juhu, Mumbai-400 04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Addition made relating to Flat No. 18, Kalpana, Mumbai ₹ 1,96,256/- 7. The income from house property at Flat No.1 at Joothika Co-operative Housing Society, is worked out as under. Flat No. 1 at Jhoothika Co-operative Housing Society Limited ₹ 1,69,732/- Less: deduction u/s 24 at 30% ₹ 50,920/- Addition made Flat No. 1 at Jhoothika Co-operative Housing Society Limited, Naushir Bharucha Road, Mumbai ₹ 1,18,812/- 8. The income from house property at Flat No. 402. West Wind, Juhu. Mumbai is worked out as under. Flat at No. 402 at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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