SHRI VIVEK TALWAR,MUMBAI vs. ACIT- CC - 46 , MUMBAI
In the result, the appeal of assessee is allowed
ITA 5003/MUM/2018[2004-05]Status: DisposedITAT Mumbai12 Dec 2019AY 2004-05
Bench: Shri Pawan Singh & Shri S. Rifaur Rahmanshri Vivek Talwar Acit, Central Cricle-46, Room No. 659, 6Th Floor, 17-B, Ill Palazzo, Ridge Road, Malabar Hill, Vs. Aayakar Bhavan, M.K. Mumbai-400006. Road, Mumbai-400020. Pan: Aaapt3994Q Appellant Respondent Shri Vivek Talwar Acit, Central Cricle-46, Room No. 659, 6Th Floor, 17-B, Ill Palazzo, Ridge Road, Malabar Hill, Vs. Aayakar Bhavan, M.K. Mumbai-400006. Road, Mumbai-400020. Pan: Aaapt3994Q Appellant Respondent
For Appellant: Shri Vimal Punmiya (AR)For Respondent: Shri Mohammed Rizwan (DR)
Section 153ASection 23(1)(a)Section 254(1)Section 271(1)(c)
section 274
r.w.s. 271(1)(c), however, he is not pressing the same.
5. The ld. AR of the assessee further submits that assessee is 50% owner of
a unit/property situated at Court Chamber, New Marine Lines, which
was rented out since 1967, the rent was fixed as per agreed term at the
time of letting. The assessee received