2017 (6) TMI 648

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....bai and it relates to the assessment year 2012-13. The assessee is aggrieved by the decision of Ld CIT(A) in confirming the Annual letting value determined by the AO. 2. The assessee owned a commercial premises admeasuring 2775 Sq.ft. It did not declare any rental income there from during the year under consideration. The assessee submitted that the prorate rateable value fixed by Bombay Municipa....

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....y he submitted that the provisions of sec. 23(1)(c) shall apply to the facts of the present case and hence the Annual letting value should be taken as NIL, as the property has remained vacant during the whole of the year. In this regard he placed reliance on the decision rendered by the co-ordinate bench in the case of M/s Informed Technologies India Ltd Vs. DCIT (2017 (2) TMI 744 - ITAT Mumbai. ....