2000 (2) TMI 18

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Income-tax Act. On the facts it may be mentioned that the Court of Small Causes at Bombay has fixed the standard rent of the premises at Rs. 53,325 per month from March 1, 1982. This evidence, has not been placed on record as indicated by the judgment of the Tribunal dated December 3, 1993, in I.T. Nos. 2882 and 2883 of 1998. In view of the above it is clear that the annual letting value taken in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the income under the head "Income from house property", the assessee-company declared Rs. 7,20,000 as actual rent received by the company from the trust as annual letting value. This was for the assessment year 1982-83. For the subsequent assessment years 1983-84, 1984-85 and 1985-86, the Assessing Officer has disregarded the actual rent received by the assessee and substituted the same by the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e premises at Rs. 53,325 per month from March 1, 1982. This evidence, has not been placed on record as indicated by the judgment of the Tribunal dated December 3, 1993, in I.T. Nos. 2882 and 2883 of 1998. In view of the above it is clear that the annual letting value taken into account by the impugned judgment of the Tribunal is without considering the standard rent fixed by the Small Causes Court .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X