2021 (6) TMI 422

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... PER KULDIP SINGH, JUDICIAL MEMBER : Appellant, Asstt. Commissioner of Income Tax, New Delhi (hereinafter referred to as 'the revenue') by filing the present appeal sought to set aside the impugned order dated 22.12.2017 passed by the Commissioner of Income-tax (Appeals)-22, New Delhi qua the assessment years 2014-15 on the grounds inter alia that : "1. Whether in facts and on circu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....amend, alter or forgo any ground (s) of appeal either before or at the time of hearing of the appeal." 2. Briefly stated the facts necessary for adjudication of the controversy at hand are : assessee is a multi unit manufacturing company. AO noticed that the assessee has gross income under the head "Income from House Property" at Rs. 1,72,39,509/- being the rent received from land given on rent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....assed by the revenue authorities below in the light of the facts and circumstances of the case. 5. Undisputedly assessee has earned total rental income at Rs. 1,95,47,009/-, out of which assessee itself has treated an amount of Rs. 23,07,500/- as 'Business Income' against which expenses have already been claimed by the assessee. It is also not in dispute that in the earlier assessment year for ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rty", as declared by the assessee. While doing so, he has followed the First Appellate Order in the case of the assessee for the assessment year 2010-11. He reproduced the relevant portion of the said First Appellate Order wherein it has been mentioned that in the earlier assessment years 2007-08, 2009-10 and 2010-11 under similar facts, it has been held that income derived from letting out of bui....