1979 (12) TMI 108

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... facts giving rise to the present appeal before us are, that the assessee has shown net self-occupied property income at Rs. 1250 for the built up area of a self-occupied property at Shahpur. The ITO considered this valuation as too low and observed that the built up area, rise in rent and other dates and on consideration of these facts warranted that S.O.P. income since returned by the assessee co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e case of one Shri Dineshchandra B.Patel, The orders having been made on an appeal by the Revenue. 5. The parties upto the appeal have been categorical that the facts of the case in appeal before us were almost similar and identical with the facts of the case before the Tribunal A-Bench at Ahmedabad in the above mentioned ITAs. In view of the above situation, we respectfully follow the reasoning .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erty in the year in which the property was constructed as well as the rent then prevailing in the locality". 6. Accordingly, on the facts and in the circumstances of the assessee's case in appeal before us, we feel inclined to set aside the orders of the lower authorities on the count of taking the S.O. property at Rs. 5,400 and taking the net income at Rs. 3,000 and further direct that the S.O. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X