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TMI Blog2017 (4) TMI 1054X X X X Extracts X X X X X X X X Extracts X X X X ..... before the Hon'ble High Court for adjudication and assessee would abide by that decision. In view thereof, AO is directed to apply the decision for the impugned assessment year as well as and when rendered by the Hon'ble High Court of judicature at Hyderabad, in view of Section 158(5) of the Act. - I.T.A. No. 1290/HYD/2016 - - - Dated:- 3-4-2017 - Shri D. Manmohan, Vice President And Shri B. R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fered under the head income from house property whereas the hire charges received from hire of equipment, interiors and furniture was offered under the head income from business and claimed depreciation, which resulted in net loss. The issue is arising from AY. 2005-06 onwards and assessee has been claiming hire charges received as business income and Assessing Officer (AO) has been consider ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee shall be bound by the order as may be passed by the Hon'ble High Court in Appeal No. ITTA No. 435 of 2010 and 517/2010. Assessee filed an application u/s. 158A(1) in Form No. 8 for the impugned year. 4. Ld.DR has no objection to accept the form. 5. We have considered the rival contentions and perused the material available on record. Identical question of law is pending for adjudi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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