Case Law Details
Chand N. Bhojwani Vs DCIT (ITAT Mumbai)
AO was bound to compute the tax payable by the assessee on the income computed by him even if it was at a lesser figure than the income returned by the assessee. AO was unjustified in not giving full effect to the assessee on having himself assessed such income under the head ‘Income from house property’ from letting out of flats.
FULL TEXT OF THE ITAT JUDGMENT
This appeal, filed by the assessee, being ITA No. 7391/Mum/2016 , is directed against appellate order dated 28.09.2016 passed by learned Commissioner of Income Tax (Appeals)-39, Mumbai (hereinafter called “the CIT(A)”), for assessment year 2012-13, the appellate proceedings had arisen I.T.A. No.7391/Mum/2016 before learned CIT(A) from assessment order passed by learned Assessing Officer (hereinafter called “the AO”) u/s 143(3) of the Income-tax Act, 1961 (hereinafter called “the Act”) for AY 2012-13.
2. The grounds of appeal raised by the assessee in the memo of appeal filed with the Income-Tax Appellate Tribunal, Mumbai (hereinafter called “the tribunal”) read as under:-
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