1980 (9) TMI 124

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Tribunal in WTA Nos. 44 and 45/JP/79. 1. "Whether there was materials before the ld. Tribunal to hold that the properties in question were held by the assessee on monthly tenancy". 2. "Whether, on the facts and in the circumstances of the case, ld. Tribunal were right in holding that the properties in question were held by the assessee on monthly tenancy and that the assessee had no inter .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt orders. He held that the assessee was merely a tenant and had sub-let the properties and as such he had no interest therein. The Tribunal concurred with the AAC and confirmed the deletion of the valued from net wealth. The Tribunal in para 5 of its order observed as under: "As a tenant, the assessee sublet the properties and derived rental income which has been offered for income-tax assessme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X