SONU REALTORS PVT. LTD.,MUMBAI vs. DCIT 14(3)(2), MUMBAI
The appeal of the assessee is allowed
ITA 2892/MUM/2016[2011-12]Status: DisposedITAT Mumbai19 Sept 2018AY 2011-12
Bench: Shri G. Manjunatha & Shri Ravish Soodita No. 2892 /Mum/2016 & Sonu Realtors Pvt. Ltd. Dcit – 14(3)(2) Plot No. 219, Laalasis, Mumbai 11Th Road, Chembur, Vs. Mumbai 400 071. Pan – Aaacs7073C Appellant Respondent Appellant By : Shri. J.P Bairagra Respondent By : Shri Rajat Mittal Date Of Hearing : 05.07.2018 Date Of Pronouncement :19.09.2018 O R D E R Per Ravish Sood, Jm The Present Appeals Filed By The Assessee For A.Y 2011-12 & A.Y 2012-13 Are Directed Against The Respective Orders Passed By The Cit(A)-22, Mumbai, Dated 22.01.2016 & 27.09.2016. As A Common Issue Is Involved In The Aforementioned Appeals, Thus, The Same Are Being Taken Up & Disposed Off Together By Way Of A Consolidate Order. We Shall First Take Up The Appeal Of The Assessee For A.Y 2011-12. The Assessee Assailing The Order Passed By The Cit(A) Has Raised Before Us The Following Grounds Of Appeal :
For Appellant: Shri. J.P BairagraFor Respondent: Shri Rajat Mittal
Section 143(2)Section 22Section 23(1)(a)Section 23(1)(c)
house property” in the preceding years. However, it was also noticed by the A.O, that after the expiry of the license period the licensee had vacated the property and conveyed its intention of not getting the license agreement renewed any further. The assessee in order to drive home its contention that the „annual value‟ of the property
