ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

section\n23(l)(a) of the Act., which mandates taxability of notional rent in the hands of owner\nof such house property? „\n3. Whether on the facts and circumstances of the case and law, the Ld. CIT(A) was\ncorrect in deleting the addition made on account of income from house property\ndespite the fact that the provision

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1 , KALYAN

In the result, all the above appeals of the assessee are\ndismissed

section\n23(l)(a) of the Act., which mandates taxability of notional rent in the hands of owner\nof such house property? „\n3. Whether on the facts and circumstances of the case and law, the Ld. CIT(A) was\ncorrect in deleting the addition made on account of income from house property\ndespite the fact that the provision

R. KUNDAN & CO.,MUMBAI vs. ITO WD 14(3)(2), MUMBAI

Bench: Shri Joginder Singh & Shri Rajesh Kumar

Property Acquisition Investment 1 50% share in House 14/09/1992 2,00,000/- Remittance Jamuna Apartment, (share of A-Rs from abroad Flat No.92, Boring 1,00,000/-) Road, P.S. S.K. Puri, Patna-13 2 Flat No.44, House No. 09/06/1995 7500000/- N-6A, (Seven hundred Staronavodnytskaya fifty million Street apt. 44 KYIV karbovantes) Ukraine) 3 50% share in House- 18/11/1996 Rs.15

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. ASST CIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

THE PHOENIX MILLS LTD,MUMBAI vs. DCIT CEN CIR 47, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

ASST CIT CC 8(4), MUMBAI vs. PHOENIX MILLS LTD, MUMBAI

In the result, ground No.4 taken by assessee in assessment year

Bench: Shri R.C. Sharma (Am) & Shri Pawan Singh (Jm)

house property. 112. AO has also made disallowance under Section 14A read with Section Rule 8D on the plea that assessee has earned dividend income which is exempt from tax. By the impugned order CIT(A) deleted disallowance of interest by observing that assessee is having own funds as per the balance sheet amounting to Rs.14

MOHAN THANKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital

MOHAN THAKURDAS GURNANI,NAVI MUMBAI vs. DY CIT -CC-5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital

MOHAN GURNANI,NAVI MUMBAI vs. DCIT CENTRAL CIRLE - 5(2), MUMBAI

The appeal of the assessee is partly allowed for assessment year 2014 – 15 also

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

6] property flat number 16 Model House sion annual value was determined at ₹ 272,727/– based on income offered as deemed rent of ₹ 3 lakhs in assessment year 2016 – 17. Accordingly income from house property was added to the total income of ₹ 562807/–. b) For this year also, as in assessment year 2014 – 15, assessee has shown long-term capital