Itxa/1226/2008 Of The Commissioner Of Income-Tax-8 v. M/S Bhansali International Pvt Ltd

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1226 OF 2008 The Commissioner of Income Tax ..Appellant. V/s. M/s. Bhansali International Pvt. Ltd. ..Respondent. Mr. Suresh Kumar for appellant. Mr. A.K. Jasani for respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 23RD SEPTEMBER, 2009. P.C. :- 1.Heard learned counsel for the revenue and the respondent. The appeal was admitted on 27/08/2008 on the following substantial question of law:- " Whether in the facts and circumstances of the case and in law, the learned CIT(A) erred in deleting the addition of Rs.18,00,000/- under the head property of income and directing the assessing officer to exclude the national interest in determining the annual rateable value without proper appreciation of the facts of the case ? " 2. The issue sought in the appeal is covered by the judgment of this Court in the case of CIT V/s. J.K. Investors Ltd. reported in 248 ITR 743in favour of the assessee and against the revenue. In this view of the matter, the appeal is disposed of accordingly with no order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)