SELECT INFRASTRUCTURE PVT. LTD.,,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, appeal of the assessee for the assessment year

Bench: Shri G. D. Agrawal & Shri Amit Shukla

131,595,335 1,935,074,645 14. From the above it is quite apparent that only license fee has been shown by the assessee as income from house property under section

MRS. RASHMI DHARIWAL,NEW DELHI vs. ACIT, NEW DELHI

In the result ground No. 11 and 12 of the appeal of the assessee are allowed accordingly

Bench: Shri H.S.Sidhu & Shri Prashant Maharishirashmi Dhariwal, Vs. Acit, Aashray Farms, Sub Po, Circle-23(1), Sawan Public School, Bhatti New Delhi Mines, Asola Village, New Delhi Pan:Aappd9702P (Appellant) (Respondent)

house property is on a deemed basis. The tax has to be paid by reason of the ownership of the property. Even if one does not incur any sum on account of repairs, a statutory deduction therefore is allowed and where on repairs expenses are incurred in excess of such statutory limit, no deduction for such excess is allowed

DCIT, NEW DELHI vs. M/S. OMAXE BUILDHOME (P) LTD., NEW DELHI

Bench: Shri I.C. Sudhir & Shri Laxmi Prasad Sahu Assessment Year : 2008-09 Deputy Cit, Vs. M/S. Omaxe Ltd., Central Circle-4, 7-Lsc, Omaxe House, New Delhi. Kalkaji, New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent) Assessment Year: 2008-09 M/S. Omaxe Ltd., Vs. Deputy Cit, 7-Lsc, Omaxe House, Central Circle-4, Kalkaji, New Delhi. New Delhi. (Pan: Aaaco0171H) (Appellant) (Respondent)

Properties in ITA Nos. 3633/2009 and 4361/2010, the Hon’ble Bombay High Court observed as under: “…..Moreover plain reading of Section 80IB(10) does not even remotely suggest that the plot of land having minimum area of one acre must be vacant. The said section allows deduction to a housing project (subject to fulfilling all other conditions ) constructed

COMMISSIONER OF INCOME TAX DELHI CENTRAL III vs. MONI KUMAR SUBBA

House property is on a deemed basis. The tax has to be paid by reason of the ownership of the property. Even if one does not incur any sum on account of repairs, a statutory deduction therefore is allowed and where on repairs expenses are incurred in excess of such statutory limit, no deduction for such excess is allowed

ASHA BURMAN,NEW DELHI vs. ACIT CIRCLE 46(1), NEW DELHI

In the result, appeals of the Assessee are partly allowed for

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos.539 To 544/Del/2024 िनधा"रणवष"/Assessment Years:2012-13 To 2017-18 बनाम Asha Burman Acit, 4Th Floor, Punjabi Bhawan, Vs. Circle 46(1), 10, Rouse Avenue, New Delhi. Drum Shape Building, Ito, Pan No.Aaepb0966C New Delhi. अपीलाथ" Appellant ""यथ"/Respondent

131 ITR 435, the Hon’ble Supreme Court observed that the procedure for working out of annual letting value of the property to levy house-tax would also be applicable for the purpose of determination of annual letting value under the Income-tax Act. 11. The Assessing Officer has failed to appreciate that rent of the property depends upon

ASHA BURMAN,NEW DELHI vs. ACIT CIRCLE 46(1), NEW DELHI

In the result, appeals of the Assessee are partly allowed for

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos.539 To 544/Del/2024 िनधा"रणवष"/Assessment Years:2012-13 To 2017-18 बनाम Asha Burman Acit, 4Th Floor, Punjabi Bhawan, Vs. Circle 46(1), 10, Rouse Avenue, New Delhi. Drum Shape Building, Ito, Pan No.Aaepb0966C New Delhi. अपीलाथ" Appellant ""यथ"/Respondent

131 ITR 435, the Hon’ble Supreme Court observed that the procedure for working out of annual letting value of the property to levy house-tax would also be applicable for the purpose of determination of annual letting value under the Income-tax Act. 11. The Assessing Officer has failed to appreciate that rent of the property depends upon

ASHA BURMAN,NEW DELHI vs. ACIT CIRCLE 46(1), NEW DELHI

In the result, appeals of the Assessee are partly allowed for

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos.539 To 544/Del/2024 िनधा"रणवष"/Assessment Years:2012-13 To 2017-18 बनाम Asha Burman Acit, 4Th Floor, Punjabi Bhawan, Vs. Circle 46(1), 10, Rouse Avenue, New Delhi. Drum Shape Building, Ito, Pan No.Aaepb0966C New Delhi. अपीलाथ" Appellant ""यथ"/Respondent

131 ITR 435, the Hon’ble Supreme Court observed that the procedure for working out of annual letting value of the property to levy house-tax would also be applicable for the purpose of determination of annual letting value under the Income-tax Act. 11. The Assessing Officer has failed to appreciate that rent of the property depends upon

ASHA BURMAN,NEW DELHI vs. ACIT CIRCLE 46(1), NEW DLEHI

In the result, appeals of the Assessee are partly allowed for

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos.539 To 544/Del/2024 िनधा"रणवष"/Assessment Years:2012-13 To 2017-18 बनाम Asha Burman Acit, 4Th Floor, Punjabi Bhawan, Vs. Circle 46(1), 10, Rouse Avenue, New Delhi. Drum Shape Building, Ito, Pan No.Aaepb0966C New Delhi. अपीलाथ" Appellant ""यथ"/Respondent

131 ITR 435, the Hon’ble Supreme Court observed that the procedure for working out of annual letting value of the property to levy house-tax would also be applicable for the purpose of determination of annual letting value under the Income-tax Act. 11. The Assessing Officer has failed to appreciate that rent of the property depends upon

ASHA BURMAN,NEW DELHI vs. ACIT CIRCLE 46(1), NEW DELHI

In the result, appeals of the Assessee are partly allowed for

Bench: Shri Challa Nagendra Prasad & Shri Avdhesh Kumar Mishraआ.अ.सं/.I.T.A Nos.539 To 544/Del/2024 िनधा"रणवष"/Assessment Years:2012-13 To 2017-18 बनाम Asha Burman Acit, 4Th Floor, Punjabi Bhawan, Vs. Circle 46(1), 10, Rouse Avenue, New Delhi. Drum Shape Building, Ito, Pan No.Aaepb0966C New Delhi. अपीलाथ" Appellant ""यथ"/Respondent

131 ITR 435, the Hon’ble Supreme Court observed that the procedure for working out of annual letting value of the property to levy house-tax would also be applicable for the purpose of determination of annual letting value under the Income-tax Act. 11. The Assessing Officer has failed to appreciate that rent of the property depends upon

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTER CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

THE KUMAR FAMILY TRUST,DELHI vs. ACIT, CENTRAL CIRCLE-4, NEW DELHI

In the result, appeal for AYs 2013-14 & 2014-15 are unabated and assessments are set aside due to no incriminating material found during the search and the appeals for the said assessment years are...

Bench: Shri S. Rifaur Rahman & Shri Sudhir Kumar, Judicialmember

house property’ in terms of Sections 22 & 23 of the Act, is higher of the “annual value” of the property or the rent actually received. The term “annual value” however has not been defined in the said Section or for that matter in the Income-tax Act, 1961. Instead, the term “annual value” has been defined in the Wealth

DCIT CENTRAL CIRCLE 05 , DELHI vs. DEEPAK KOTHARI , KANPUR

In the result, the appeal filed by the assessee is allowed

Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

131 ITR 0597 (SC); (iii) E.D. Sasson & Co. Ltd. & Ors. vs. CIT (1954) 26 ITR 0027 (SC); (iv) CIT vs. Shoorji Vallabhdas & Co. (1962) 46 ITR 0144 (SC); (v) CIT vs. Excel Industries Ltd. (2013) 358 ITR 0295 (SC). 8. Considered the rival submissions and material placed on record. We observe that as per the facts brought on record

DEEPAK KATHARI,KANPUR vs. ACIT, CC-5, NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: SHRI S. RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

131 ITR 0597 (SC); (iii) E.D. Sasson & Co. Ltd. & Ors. vs. CIT (1954) 26 ITR 0027 (SC); (iv) CIT vs. Shoorji Vallabhdas & Co. (1962) 46 ITR 0144 (SC); (v) CIT vs. Excel Industries Ltd. (2013) 358 ITR 0295 (SC). 8. Considered the rival submissions and material placed on record. We observe that as per the facts brought on record