1992 (10) TMI 22

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....tion 256(2) of the Income-tax Act, 1961, for the opinion of this court : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the Rent Control Act will not apply to the property let out to the directors by the assessee-company ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in estimating the ann....

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....the building in question was governed by the Rent Control Act, and, therefore, it was difficult to eject the tenants. He took the view that the building could not be said to be governed by the Rent Control Act in view of the provisions of the Rent Control Act as the building was given by the assessee-company for the use of its own directors. The assessee appealed to the Appellate Assistant Comm....

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....ntended for its own occupation or for the occupation of any of its officers or servants whether on rent or free of rent or as guest house by whatsoever name called for the occupation of the persons having dealings with it in the ordinary course of the business is exempt from the application of the provisions of the Act. Relying on this provision, it is argued by standing counsel that bungalow No. ....