{"id":20259,"date":"2021-07-18T09:44:20","date_gmt":"2021-07-18T04:14:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/amit-balakrishna-jalan-v-acit-mum-trib-www-itatonline-org\/"},"modified":"2021-07-18T09:44:20","modified_gmt":"2021-07-18T04:14:20","slug":"amit-balakrishna-jalan-v-acit-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/amit-balakrishna-jalan-v-acit-mum-trib-www-itatonline-org\/","title":{"rendered":"Amit Balakrishna Jalan v . ACIT ( Mum) ( Trib) www.itatonline.org"},"content":{"rendered":"<p>The Assessing Officer adopted 8% of the cost of flat while computing the notional value of the house property . On appeal the CIT (A ) restricted to 6 % of the cost of flat . On appeal the Tribunal held that the CIT ( A) should not have ignored the ratio laid down by the Jurisdictional High Court in\u00a0 CIT v. \u00a0Tip TOP Typography \u00a0( 2014) \u00a0368 ITR 330 ( Bom ) (HC) \u00a0\u00a0\u00a0\u00a0and accordingly directed to adopt municipal ratable\u00a0 value . \u00a0( ITA NO 2660 &amp; 2180 \/Mum\/ 2019 dt 12-7 -2021 ( AY . 2011 -12 &amp; 2015 -16 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 23 : Income from house property &#8211; Annual value \u2013 Annual value  should be restricted to municipal ratable value \u2013 Estimate at 6% of cost of value of flat was held to be not justified .  [ S. 22, 23 (1)(c) ]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20259","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5gL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20259"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20259\/revisions"}],"predecessor-version":[{"id":20260,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20259\/revisions\/20260"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}