2011 (2) TMI 1310

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... by the assessee is directed against the order dated 28.9.2010 of the CIT(A)-26, Mumbai relating to assessment year 2006-07. 2 The only effective ground raised by the assessee reads as under: "On the facts and under the circumstances of the case and in law, the ld CIT(A) erred in considering the notional value of first flat at Rs. 3 lacs instead of Rs. 1,163/- u/s 23 of the I T Act." 2.1 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....operties are held by the assessee and if one is actually not let out, the same is bound to be treated as deemed let out and deemed let out income at rent Maintainable Act is proposed to be added to the income of the assessee. 2.2 It was explained by the assessee that both the flats are self occupied properties; therefore, there is no justification in treating one flat as deemed let out and ther....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rby to Hyderabad Estate and Governor's and Chief Minister's Bungalows. According to the CIT(A), no such property can be let out even for less than Rs. 50,000/- per month. Since the Assessing Officer has adopted only Rs. 25,000/- per month the same cannot be presumed to be unreasonable or baseless or unacceptable. 5 Aggrieved with such order of the CIT(A), the assessee is in appeal hr before us.....