Shri M.Abdul Latheef, Trivandrum V. The Asstt.Director of Income-tax, Trivandrum

ITA 496/COCH/2009

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 61467 (ITAT-COCHIN)
• Duration Of Justice: 2 year(s) 7 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-04-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Assessment Year: 2003-2004
• Appeal Filed On: 25-09-2009
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S R SENAPATI
• Assessee Lawyers: T M SREEDHARAN
• Keywords: Difference of opinion

Judgement Text

1 ITA NOS.494 TO 499/COCH/2009 IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.R.S. GANESAN (JM) AND SHRI B.R. BASKA RAN(AM) I.TA NO. 494 TO 499/COCH/2009 (ASSESSMENT YEARS 2001-02 TO 2006-07) SHRI M ABDUL LATHEEF VS A.C.I.T. (INTL TAXATION ) PUTHENVILA VEEDU KOWDIAR PO, TRIVANDRUM MEL THONNAKKAL VILLAGE KALLOOR, MANJAMALA PO TRIVANDRUM PAN : AABCB1386N (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI T.M. SREEDHARAN RESPONDENT BY : SHRI S.R. SENAPATI DATE OF HEARING : 27-04-2012 DATE OF PRONOUNCEMENT : 27-04-2012 O R D E R PER N.R.S. GANESAN (JM) ON A DIFFERENCE OF OPINION BETWEEN THE MEMBERS, WH O CONSTITUTED THE BENCH ORIGINALLY THE DIFFERENCE OF OPINION WAS REFERRED T O THE LEARNED VICE PRESIDENT AS THIRD MEMBER. 2. THE HONBLE VICE PRESIDENT, AFTER CONSIDERING TH E ARGUMENTS ADVANCED ON BOTH SIDES FOUND THAT THE ACTUAL RENT RECEIVED BY THE AS SESSEE IS TO BE ADOPTED AS ANNUAL VALUE FOR DETERMINING THE INCOME FROM HOUSE PROPER TY IN ALL THE YEARS UNDER CONSIDERATION. ACCORDINGLY THE HONBLE VICE PRESID ENT (THIRD MEMBER) CONCURRED WITH THE VIEW EXPRESSED BY THE JUDICIAL MEMBER. 2 ITA NOS.494 TO 499/COCH/2009 3. IN VIEW OF THE MAJORITY OPINION ALL THE APPEALS OF THE ASSESSEE STAND ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON THE 27 TH DAY OF APRIL, 2012. SD/- SD/- (B.R. BASKARAN) (N.R.S. GANESAN) ACCOUNTANT MEMBER JUDICIAL MEMBER COCHIN, DT : 27 TH APRIL, 2012 PK/- COPY TO: 1. SHRI M ABDUL LATHEEF, PUTHENVILA VEEDU, MEL THONNAK KAL VILLAGE, KALLOOR, MANJAMALA P.O. TRIVANDRUM 2. A.C.I.T. (INTERNATIONAL TAXATION), KOWDIAR PO, TRIV ANDRUM 3. THE COMMISSIONER OF INCOME-TAX(A)-I, TRIVANDRUM 4. THE COMMISSIONER OF INCOME-TAX, TRIVANDRUM 5. THE DR (TRUE COPY) BY ORDER ASSTT. REGISTRAR, INCOME-TAX APPELLATE TRIBUNAL, COCHIN BENCH