Document Fragment View
Fragment Information
Showing contexts for: zoom developers in M/S.Dream Enterprises, Mumbai vs Dcit Central Circle 5(2), Mumbai on 3 December, 2019Matching Fragments
Per Shamim Yahya (AM) :-
This appeal by the assessee is directed against the order of learned CIT(A) dated 16.5.2018 and pertains to A.Y. 2014-15.
2. The issue raised is that learned CIT(A) erred in upholding the order of the Assessing Officer in bringing to tax alleged notional rent of Rs. 27,38,904/- as income from house property.
3. The assessee in this case is engaged in the business as builder & property developers. In course of assessment proceedings the Assessing Officer observed that the assessee firm had developed a mall known as "Zoom Plaza"