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2015 (8) TMI 917 - AT - Income TaxUnaccounted Cash deposits in Saving Bank account in the name of assessee and his brother - CIT(A) deleted the addition - Held that:- CIT(A) has held that no addition is called for, as the amount deposited in the joint bank account is agricultural income earned by the assessee. The ld. CIT(A) has also observed in his order that even after completion of the assessment, independent enquiry was also conducted in respect of receipt from the agriculture produces by the then Assessing Officer through an Inspector. Having taken note of all these facts, the ld. CIT(A) has deleted the addition. During the course of hearing, the ld. D. R. has simply placed reliance upon the order of the Assessing Officer and no defect was pointed out in the order of the ld. CIT(A). We, however, have carefully examined the order of the ld. CIT(A) and we find that the ld. CIT(A) has adjudicated the issue in the right perspective in the light of detailed evidence filed by the assessee. - Decided in favour of assessee. Addition made on account of difference of amount of difference of amount between the share profit from various firms shown in the return of income and copy of accounts - CIT(A) deleted the addition - Held that:- The difference of ₹ 9,15,044/- was duly explained by the assessee even before the Assessing Officer, but it was not accepted by him whereas the ld. CIT(A) has examined the difference in the light of explanations of the assessee and being convinced with it the addition was deleted. The ld. D. R. has not pointed out any infirmity in the order of the ld. CIT(A). Moreover, the ld. CIT(A) has taken cognizance of the correct facts while deleting the addition. Since we find no infirmity therein, we confirm his order on this issue. - Decided in favour of assessee. Deduction under section 24 - CIT(A) deleted the addition - Held that:- As before the AO the issue was with regard to the income from house property, as the assessee has claimed deduction under section 24 of the Act. The assessee was having two properties and one property was self-occupied and ALV was to be computed for another property on which according to the Assessing Officer rent was of ₹ 18,000/- per month and by applying the same, ALV was worked out at ₹ 2.16 lakhs and after allowing standard deduction, interest and borrowed capital as claimed by the assessee, the income from house property was computed to be at ₹ 1,200/-. The Assessing Officer has made addition of the same, but while deleting the same the ld. CIT(A) has given a relief of ₹ 1,51,200/- in which we do not find any merit. We accordingly set aside the findings of the ld. CIT(A) in this regard. However, the difference was of only of ₹ 1,200/- on the basis of the estimation of ALV by the Assessing Officer, therefore, this addition is also deserves to be deleted being nominal addition. Accordingly we delete the same. This issue is accordingly disposed of.- Decided in favour of assessee.
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