2009 (7) TMI 9

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..... K. Agarwal, J. and Hon'ble S. K. Gupta, J. Petitioner's Counsels - S.C. , A. Kumar , A.N. Mahajan , B. Agarwal , G. Krishna and S. Chopra Respondent's Counsel - JUDGMENT The present Income Tax appeal filed under section 260-A of the Income Tax Act, 1961( hereinafter referred to as the Act) has been admitted vide order dated 31-1-2003 on the following substantial questions of law, .....

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..... ent?" Briefly stated the facts giving rise to the present appeal are as follows: The respondent assessee had 1/27 share in the property known as Ganga Kuti and the another property known as Juhu Bombay property. The assessee had disclosed the annual letting value of Ganga Kuti at Rs.32,000/- which was enhanced to Rs.6,20,700/- by the assessing officer. In appeal the C.I.T.(Appeals) had taken .....

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