2014 (1) TMI 1776

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.... O R D E R PER N.K. BILLAIYA, AM: These cross appeals by the Revenue and the assessee are directed against the very same order of the Ld. CIT(A)-9, Mumbai dt.29.6.2011 pertaining to A.Y. 2008-09. As both these appeals involved common issue, they were heard together and dispose of by this common order for the sake of convenience and brevity. ITA No. 6104/M/2011 - Revenue's appeal ITA No....

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....n assessee's own case for A.Y. 2002-03 in ITA No. 6504/M/05, for A.Y. 2005-06 in ITA No. 2429/M/08 and for A.Y 2006-07 in ITA No. 4088/M/2010. 5. The Ld. Departmental Representative placed strong reliance on the decision of the Hon'ble Delhi High Court in the case of CIT Vs Miracle Exporters Pvt. Ltd. 333 ITR 38 and Jharkhand High Court in the case of CIT Vs Shrimati Bhagwani Devi 298 ITR 413. ....

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....onal High Court, we are of the view that the judicial propriety and judicial discipline require us to follow the same. Accordingly, respectfully following the said judicial pronouncement, we modify the impugned order of the Ld. CIT(A) on this issue and direct the AO to accept the income from house property declared by the assessee adopting the municipal ratable value as annual letting value of its....