B M GUPTA Vs. ACIT
LAWS(DLH)-2007-1-164
HIGH COURT OF DELHI
Decided on January 17,2007

B.M.GUPTA Appellant
VERSUS
ACIT CIRCLE 39 (1) NEW DELHI Respondents

JUDGEMENT

V.B.GUPTA, J. - (1.) By this common Judgment, four appeals being ITA Nos. 1184/06, 1185/06, 1186/06 and 1191/06 filed by the Appellant are disposed of, as all these appeals have common ground.
(2.) These appeals arise out of a decision dated 24th February, 2006 passed by learned Income Tax Appellate Tribunal.
(3.) Appellant is the owner of the premises bearing Municipal No. 50/1, Ist Floor, Janpath, New Delhi which have been let out. The rent of this premises was increased retrospectively with effect from 1-4-94 by way of an agreement and as a result thereof, the appellant received a sum of Rs. 38,55,827.40/- during the financial year 1999-2000 on account of arrears of rent for the period 1-4-94 to 31-03-99. The appellant did not offer this rental income in the year relevant to the assessment year of receipt nor offered the same in the relevant assessment years.;


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