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2015 (5) TMI 507 - AT - Income TaxDisallowance of interest on PDCs paid out of books of account - CIT(A) deleted the addition - Held that:- The issue in question is covered by the order of the Tribunal in the group case of the assessee namely M/s IAG Promoters and Developers Pvt. Ltd. [2014 (12) TMI 216 - ITAT DELHI] wherein held that ground raised by the Revenue is misconceived because the CIT(A) has not deleted the addition. The CIT(A) has only directed the A.O. to recomputed the interest on post dated cheques after six months from the date of issue of PDCs. - Decided against assessee. Disallowance of additional payment in violation of Stamp Duty Act, 1899 - CIT(A) deleted the addition - Held that:- Since the facts in the present case are identical to the facts considered by the Tribunal in the case of M/s. Westland Developer Pvt. Ltd. [2014 (12) TMI 254 - ITAT DELHI] wherein held section 40A(3) of the Act has been wrongly invoked as admittedly no expenses relatable to the addition has been claimed and the assessee has successfully demonstrated that the payment were reimbursement made by CWPPL, thus we hold that CIT (A) is justified in deleting the addition. Also see case of Glitz Builders and Promoters Pvt.Ltd. [2015 (5) TMI 384 - ITAT DELHI] – Decided in favour of assessee.
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