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2012 (12) TMI 751 - AT - Income TaxAdditions on account of unexplained investment on construction of house - deduction of Cost of construction incurred by the tenant - internal decoration of the building was carried out by the tenant - Held that:- CIT(A) found that, the quality of material used was not of very high quality and he personally supervised the construction and taken care to purchase the material in person. - After considering the argument of the assessee, it is reasonable to allow 15% relief towards purchase of materials and self supervision. - The amount spent by the tenants was worked out at Rs. 7,39,850/-. This was not given credit by the Assessing Officer. It is common practice now a days to do internal work like decoration, furnishings, etc. by the corporate tenants to improve the ambience of the building. The order passed by the CIT(A) is a well-reasoned and detailed order giving valid reasons for partly allowing the appeal of the assessee. - Revenue's appeal dismissed.
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