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2023 (9) TMI 152 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - interest paid by the assessee on LIC loan - Investment in partnership firm by the partner out of loan taken from LIC - HELD THAT:- CIT(A) relied upon the judgment passed in the case of Vishnu Anant Mahajan [2012 (6) TMI 297 - ITAT, AHMEDABAD] and upheld the disallowance made by the Ld. AO as held that it is case of the partner and therefore what is to be examined is whether the share income is excluded from his total income. The answer is obviously in the affirmative and provision contained in section 14A will come into operation and any expenditure incurred in earning the share income will have to be disallowed In the absence of any assistance rendered by the assessee, we do not find any reason to interfere with the order passed by the Ld. CIT(A). Decided against assessee Addition u/s 23(4) - assessee has shown more than one residential properties - assessee is staying at Mumbai being a self-occupied house property, but no rental/deemed rental income has been shown in computation of total income and show cause why the addition on account of deemed rental income should not be made - HELD THAT:- The value has been shown by the Ld. AO on the basis of decision passed in the case of Smt. Radha Devi Dalmia [1980 (3) TMI 62 - ALLAHABAD HIGH COURT] and already allowed standard deduction of 30% under Section 24(a) - Hence, in the absence of any assistance rendered by the assessee, we do not find any reason to interfere with the order passed by the Ld. AO and upheld by the Ld. CIT(A) impugned before us. Decided against assessee
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