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Income Tax Appellate Tribunal, “G” Bench, Mumbai
The appeal filed by the assessee is directed against the order dated 25.10.2010 passed by learned CIT(A)-12, Mumbai and it relates to A.Y. 2007- 08.
The only issue urged in this appeal relates to determination of annual letting value of the property let out by the assessee.
At the time of hearing, both the parties have agreed that the matter may be restored to the file of the Assessing Officer with the direction to determine the annual letting value in accordance with the decision of Hon'ble Jurisdictional High Court rendered in the case of Tip Top Typogrphy (2014) 368 ITR 330 (Bom). Accordingly, we set aside the order of learned CIT(A) and restore the issue to the file of the Assessing Officer with the direction to determine the annual letting value in accordance with the decision of Hon'ble Bombay High Court referred above.
2 Multiplex Collapsible Tubes Ltd.
In the result, appeal filed by the assessee is treated as allowed for statistical purposes.
Order has been pronounced in the Court on 20.7.2016