TaxTMI 
TaxTMI 
2015 (3) TMI 495
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....And Vikash Jain,JJ. For the Appellants : Mr A K Rastogi & Mr Manish Rastogi For the Respondents : Mrs Archana Sinha & Mrs Suman Kumar Mishra ORDER Per: Ramesh Kumar Datta: Heard learned counsels for the petitioners and learned counsel for the Income Tax Department. All the three writ applications raise common issues and accordingly they have been heard together and are being disposed of by....
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....-, Rs. 98,13,588/- and Rs. 1,19,12,963/- respectively with respect to the three petitioners and the consequential letters dated 31.10.2014 issued by the respondent No.2, Reserve Bank of India. The short facts of the present cases are that all the three petitioners are Public Sector Banks, being Government of India Undertakings, who are tenants of premises located on Fraser Road, Patna, of which t....
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....ally enhance the rent being paid by the petitioners and any such revision/enhancement/determination of rent can be made in accordance with the procedure prescribed by law. It is urged by learned counsel for the petitioners that in the present matters there is no agreement between the petitioners and the original landlord or the Income Tax Department regarding the enhancement of rent and thus, it ....
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....sels for the parties, this Court does not find any force in submission of learned counsel for the Income Tax Department. The provisions of Section 23 (1) (a) of the Act relied upon by learned counsel relate to the determination of income from house property for the purpose of filing of I.T. returns and assessment thereof and the same has no relevance at all so far as fixation of rent payable by a ....