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2016 (12) TMI 869 - AT - Income TaxDisallowance of interest claimed by the assessee on house building advance - Held that:- Looking into the factual matrix of the case, it is observed that the property in question is not in the name of the assessee which only concerns with the mother of the assessee i.e. Smt. Usha Sawhney. Since the property in question does not belong to the assessee, therefore, the interest claimed by the assessee on house building advance is not allowable u/s 24(b) - Decided against assessee Unexplained income u/s 69A - Held that:- Certificate of Registration of the Car bearing No. RJ-14-CA-6520 which establishes that the assessee was the owner of the Car -Maruti Wagon R which had been sold to Shri Hari Om Bhardwaj and the date of transfer was mentioned in the R.C. on 05-05-2010. The deposit of an amount of ₹ 1.50 lacs in HDFC Bank shows on 19-04-2010 and the transfer of the registration of the car in Registration Certificate of RTO shows on 5-05-2010 which establishes that whenever the old car is sold to the party then it takes time to change the ownership from seller to buyer. It is also noted from the Registration Certificate that transfer of the car was made on 05-05-2010 in the name of Shri Hari Om Bhardwaj S/o Shri Chiranji Lal R/o 18-A, Sri Ram Nagar Jhotwara, Jaipur. Hence, in view of the above facts and circumstances of the case, the assessee deserves relief on this count and the addition sustained by the ld. CIT(A) to the extent of ₹ 1.00 lac is deleted - Decided in favour of assessee
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