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2018 (7) TMI 221 - ITAT CHENNAIDisallowance u/s. 24(b) - Income from house property - interest payment on the housing loan disallowed for a reason that copy of housing loan sanctioning letter was not furnished by the assessee - Held that:- For disallowance against house property income, ld. Authorised Representative has given an undertaking that assessee will produce evidence for interest payments relating to the housing loan if given one more opportunity. Coming to the aspect of interest payment there is an obvious dichotomy between the observations of the ld. Assessing Officer and what is stated by the ld. Commissioner of Income Tax (Appeals). It is not even clear, as to the head of income under which ld. Commissioner of Income Tax (Appeals) considered the interest. Though it is stated by the ld. Commissioner of Income Tax (Appeals) that assessee had advanced loans to sister concerns, it is also mentioned that assessee did not file any confirmation of the loan creditors. The disallowance was for interest and not for unconfirmed credits - this issue needs a revisit by the ld. Assessing Officer - decided in favour of statistical purposes.
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