2019 (2) TMI 228

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....ent : Mr.Balina Suresh Babu,JCIT,D.R ORDER PER GEORGE MATHAN, JUDICIAL MEMBER This is an appeal filed by the assessee against the order of the Commissioner of Income-tax (Appeals)-6, Chennai in ITA No.67/CIT(A)-6/2014-15 dated 30.11.2017 for the assessment year 2011-12. 2. Mr.V.S.Jayakumar represented on behalf of the Assessee and Mr.Balina Suresh Babu represented on behalf of the Revenue. 3.....

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....ng the determination of the rental income as made by ld. Assessing Officer by applying provisions of the section 23(1)(a) of the Act. It was a submission that the business of the assessee was construction and letting out properties. It was a submission that the assessee had constructed a five storey building. It was a submission that the property of the assessee was at Anna Salai, Chennai and asse....

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....ue as done by the ld. Assessing Officer was erroneous. It was a submission that if at all annual letting value in respect of the said property was to be done as part of the building was vacant, the same was to be determined by applying the provisions of the section 23(1)(c) of the Act and the annual letting value was to be determined by applying the principle laid down by the Hon'ble Supreme Court....