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2014 (6) TMI 701 - AT - Income TaxEstimation of income from Rent and not according to TDS certificate - Disallowance of expenses – Ratio based work on from own assumption – Held that:- The AO has increased the rent received from Corporation bank by 10% without any basis - as there is no basis for increasing the rent, there was no reason for making the addition of Rs. 2,75,400 – the AO is directed to delete the same – Decided in favour of Assessee. The order of the CIT(A) is upheld that the assessee has no other income other than the rental income – there was no reason for claiming the expenditures – Decided against assessee.
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