The Commissioner of Income Tax Central III New Delhi v. Moni Kumar Subba

judgment are as under: "At the cost of repetition it may be mentioned that'under Section (23)(L)(a), the AssessinE Officer has to tecide the'fair rent of the property. While declding the fair rent, various factors could be taken into account. In such cases various rnethods like the contrbctors method could be taken lnto account. lf on comparison of the fair rent with the actual rent received, thd Assessing Ofticer finds that the actual rent received is more than the fair rent determinable as above, tlren the actuial rent shall constitute the annual value under Section

(23)(1)(b) of the Act. Now, applying the above test to the facts of this case, we find a categorical finding of fact recorded by the Tribunal that the actual rent received by the assessee was more than the fair rent. Under the above circumstances, in view of the said finding of fact, we do not see any reason to interfere.

¶23Subject to the aforesaid observations, insofar as the present appeals are concerned, we find that the manner in which the AO determined annual letting value was not correct. Finding no : merits in these appeals, the same are dismissed. MARC[.! pmc 30, 2O.LL ) ITA Np.499 of 2008 ITA No.516 of 2010, *V-/' z:--.-'d -// (ct-[IEF j[.i$T'tcE) €t-j ri DGE tnx\J_ (MANM@H7ryN) " jUDGE t with ITA No.803 of 2OO7,lTA No.1113 of 2008, ITA No.3BB of 2010, ITA No.1034 of 2OIO & ITA No.1240 of 2010. Pige22of 22

% IN THE HIGH COURT OF DELHI AT NEW DELHI ITA No.8O3 of 2OO7, ITA No.11L3 of 2OO8, ITA No.388 of ?OLO, ITA No.516 of ?OLO, ITA No.LO34 of 2O1O & ITA No.L24O of 2O1O. RESERVED ON: FEBRUARY 18, 2011 PRONOUNCED On: MARCH 30, 2011 r.) ITA No.8O3 of 2OO7 COMMISSIONER OF INCOME TAX, DELHI CENTRAL lll . . . Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. throuqh : VERSUS MT. M.K. SUBBA . . .Respondent throuqh: Mr, C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. Prakash Kumar and Mr. Vishal Malhotra, Advocates. 2) ITA No.r.113 of 2O08 COMMISSIONER OF INCOME TAX, throuqh : VERSUS MONI KUMAR SUBBA , . .Respondent Mr. C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. Prakash Kumar and Mr. Vishal Malhotra, Advocates. throuqh: 3) ITA No.388 of 2OLO COMMISSIONER OF INCOME TAX, CENTRAL III, NEW DELHI . . .Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. throuqh : VERSUS MONI KUMAR SUBBA . . .Respondent Mr. C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. throuqh: ITA No.803 of 2007,ITA No.1113 of 2008, ITA No.3BB of 2010, ITA No.516 of 2010, ITA No.1034 of 2010 & ITA No.1240 of 2010. Page 1of 3 DELHI CENTRAL lll . . .Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. ;a Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. ,f. Prakash Kuimar and Mr. Vishal Malhotra, Advocates. 4) ITA No.5L6 of 2OLO COMMISS]ONER OF INCOME TAX, CENTRAL III, NEW DELHI . . . Appellant throuoh : Mr. Sanjeev Sabharwal, Sr. Standing Counsel. VERSUS SHRI MONI KUMAR SUBBA . . .Respondent Mr. C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. Prakash Kumar and Mr. Vishal Malhotra, Advocates. throuq h: 5) ITA No.1O34 of 2OLO COMMISSIONER OF INCOME TAX throuqh : VERSUS MIRACLE EXPORTERS PVT. LTD. . . .Respondent Mr. Rajiv Nanda with Ms. Rachna Saxena, Advocates. throuqh: 6) ITA No.124O of 2O1O COMMISSIONER OF INCOME TAX, throuqh : VERSUS MIRACLE EXPORTERS PVT. LTD. NEW DELHI . . .Appellant throuqh: , . .Respondent Mr. Rajiv Nanda with Ms. Rachna Saxena, Advocates. CORAM :- HON',BLE THE CHTEF JUSTTCE HON',BLE MR, JUSTICE A.K. SIKRI HON',BLE MR. JUST|CE MANMOHAN ITA No.803 of 2007,ITA No.1113 of 2008, ITA No.388 of 2010, ITA No.516 of 2010, ITA No.1034 of 2010 & ITA No.1240 of 2010. v . . . Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. Mr. Sanjeev Sabharwal, Sr. Standing Counsel. t 1. 2. 3. Whether Reporters of Local newspapers may be allowed to see the Judgment? To be referred to the Reporter or not? Whether the Judgment should be reported in the Digest? 1. For Orders, see ITA No.499 of 2008. A.K. SlKRt, t. .a fu,n (cHrEF JUSTTCE) I\J (MANMffiAN) JUDGE ,y MARCH 30, 20I.1 pmc ITA No.803 of 20O7,ITA No.1113 of 2008, ITA No.3BB of 2010, ITA No.516 of 2010, ITA No.1034 of 2010 & ITA No.1240 of 2010. .K. SIKRT) JUDGE IN l-'/ T!-IE I-[[GI.I COI,JRT OF DELI-il[ AT NEW DE[-[.tr[ lTA [Vo.499 of 20OB w!t[r of 24O7, ITA F{o.].LL3 of 2OOE, ITA [\1o.388 of 203.O, of 20LO, ITA Ntro.L034 of 2OnO & ITA [Vo.11240 of 20tr0. RESERVED ON: FEBRUARY 18,2OIT PRONOUNCED On: MARCH 30, 2011 + trTA No.8O3 ITA No.5L6 % L) ITA No.499 of 2OOE COMMISSIONER OF INCOME TAX, throuqh : VERSUS MONI KUMAR SUBBA throuq h: 2) ITA hlo.803 ot 2AA7 COMMISSIONER OF INCOME TAX, throuqh : VERSUS MT. M.K. SUBBA th rouq h: ITA No.1L13 of 2OOB COMMISSIONER OF INCOME TAX, throuoh: VERSUS MONI KUMAR SUBBA throuoh: DELHI CENTRAL lll . . . Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. . . .Respondent Mr. C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. Prakash Kumar and Mr. Vishal Malhotra, Advocates. DELHI CENTRAL lll . . .Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. . . .Respondent Mr. C.S. Aggarwal, Sr. Advocate with Mr. Manish Sharma, Mr. Prakash Kumar and Mr. Vishal Malhotra, Advocates. DELHI CENTRAL lll . . .Appellant Mr. Sanjeev Sabharwal, Sr. Standing Counsel. 3) Mr. C.S. Aggarwal, with Mr, Manish .Respondent Sr. Advocate Sharma, Mr. ITA No.499 of 2008 w