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2015 (10) TMI 87 - HC - Income TaxAddition being interest paid, brokerage paid and loans taken from certain others - ITAT deleted the addition - Held that:- We find that both the CIT(A) as well as the Tribunal have reached the concurrent finding of fact that all amounts which have gone to reduce the cost of land to the extent of interest attributable to the payment made before the due date, the brokerage charges paid on behalf of vendor and non-return of loan of ₹ 10 lakhs by the vendor-M/ s Shakti to the respondent-assessee. All these were indications of the fact that the above amounts are those for which credit has been given by vendor-M/ s Shakti to the respondent-assessee. Moreover, two authorities under the Act have reached concurrent finding of fact and these findings not been shown to be perverse or arbitrary. The view taken by the Tribunal is a plausible view on the basis of documents and evidence led before it. Accordingly, Question No.1 does not give rise to any substantial question of law. Thus not entertained. Addition on amount paid to a certain 'VT' - ITAT deleted the addition - Held that:- Appeal admitted on substantial question of law at Question No.2.
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