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TMI Blog2014 (6) TMI 701X X X X Extracts X X X X X X X X Extracts X X X X ..... for increasing the rent, there was no reason for making the addition of Rs. 2,75,400 – the AO is directed to delete the same – Decided in favour of Assessee. The order of the CIT(A) is upheld that the assessee has no other income other than the rental income – there was no reason for claiming the expenditures – Decided against assessee. - I.T.A. No. 1288/Mum/2011 - - - Dated:- 5-6-2014 - S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submitted by the assessee. 2. On the facts and in circumstances of the case and in law the Ld. CIT(A) erred in disallowing the expenses of Rs. 6,05,833/- on the ratio based working on from own assumption. 4. The assessee is a company deriving income from house property. The return was filed on 31.10.2007 declaring total income at Rs. 18,93,260/-. The return was selected for scrutiny assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... admitted by the Ld. CIT(A). However, on merits of the case, the Ld. CIT(A) was convinced that facts of the case are squarely covered by the decision of the Hon ble Supreme Court in the case of Shambhu Investments Pvt. Ltd (supra). The Ld. CIT(A) confirmed the findings of the AO for treating the rent under the head income from house property . However, he directed the AO to verify the claim as per ..... X X X X Extracts X X X X X X X X Extracts X X X X
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