NAFEES SULTANA,HYEDERABAD. vs. INCOME TAX OFFICER, WARD-14(1), HYDERABAD.

Bench: Us:

Section 25B of the Income-tax Act, 1961, which allows deduction of 30% from arrears of rent received before taxing the same as income under the head "Income from House Property". 5. That the learned Commissioner of Income Tax (Appeals) is not justified in deciding the appeal without condoning the delay thereby depriving the appellant to avail the benefits available

SOUTHERN REALTORS & TOWERS PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(2), HYDERABAD

In the result, assessee’s appeal is allowed

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahmanm/S. Southern Realtors & Vs Dy. Commissioner Of Income Towers Private Limited Tax, Circle 3 (2) Hyderabad Hyderabad Pan:Aajcs1895B (Appellant) (Respondent)

house property and income from other sources, filed its return of income for the A.Y 2013-14 on 29.09.2013 declaring an income of Rs.1,81,67,710/-. The assessment was completed u/s 143(3) of the Act after making an addition of Rs.2,22,750 to the returned income. Subsequently, the CIT perused the assessment records by invoking the provisions