2017 (9) TMI 1917

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....d perused. 4. Facts in brief are that the assessee had filed original return for A.Y.2006-07 on 28/07/2006 declaring total income of Rs. 18,82,917/-. The assessment u/s.143(3) of the Act was completed on 27/02/2008. A search action was carried out in the case of J.M. Baxi Group on 20/03/2012. During the course of search, the lockers of assessee Smt. Vidyaben B Kotak have been searched. The Ld. AO has observed that during the course of search proceedings while operating PO at Locker No. 746, details of various properties held by the assessee and her family members or concerns, in which family members are interested, were found. The details of such properties which were owned by the assessee, either in full or part are as under. S.No. ....

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....residential units. After considering the various contentions raised by the assessee the Ld. AO rejected the claim of the assessee that where she has occupied more than one residential unit there all such residential units should be considered one residential house and treated as SOP. 6. The income from house property of Flat No. 18. Kalpana is worked out as under:- l/3rd undivided share in Flat No. 18 at Kalpana, Mumbai Rs. 2,80,3661- Less: deduction u/s 24 at 30% Rs. 84,110/- Addition made relating to Flat No. 18, Kalpana, Mumbai Rs. 1,96,256/- 7. The income from house property at Flat No.1 at Joothika Co-operative Housing Society, is worked out as under. Flat No. 1 at Jhoothika Co-operative Housing Society Limit....