MAX FINANCIAL SERVICE LIMITED ,NAWANSHAHR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, the appeal of the assessee is therefore partly allowed

152 3. CIT Vs. Mcleod & Co.,(1993) 203 ITR 290 (Cal) 4) CIT Vs. Modi Industries Limited,(1994) 210 ITR 1 (Del)(FB) 5) CIT Vs. New India Maritime Agencies (1994) 207 ITR 392(Mad) 22. It has been consistently held by courts in the aforestated decisions that where a house property is occupied as residence by employees

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed