Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (8) TMI 648 - AT - Income TaxRejection of book result - estimation of profit at 8% of the gross contract receipts - Held that:- As the assessee has not produced any evidence before the Assessing Officer, therefore Assessing Officer is justified in estimating the profit at 8% and our interference is not required. - Decided against assessee. Disallowance of interest on house property claim u/s. 80C - Held that:- Looking to the facts and circumstances of the case, we find that the assessee has paid interest of ₹ 82,064/-, for which he submitted a bank statement before us. The assessee was claimed interest since so many years. We find that the assessee has paid interest paid to the bank for housing loan and it is supported by bank statement, therefore we allow the same. - Decided in favour of assessee.
|