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2018 (1) TMI 890 - AT - Income TaxAddition on account of income from house property - Held that:- There is no basis or evidence on record to estimate the rental income as done by the AO. In the result, addition so made by the AO is clearly on an adhoc basis and cannot be sustained in the eyes of law and the same are hereby deleted. In the result, ground of appeal is allowed. Addition on account of commission & brokerage - Held that:- There is no basis or evidence on record to estimate the commission and brokerage income as done by the AO. In the result, addition so made by the AO is clearly on an adhoc basis and cannot be sustained in the eyes of law and the same are hereby deleted. In the result, ground of appeal is allowed. Unexplained investment in building construction - Held that:- The assessee having failed to offer any explanation regarding the source of investment in construction of the building by the name of the Pawan Towers amounting to ₹ 1,14,75,402 during the financial year 2006-07 relevant to impunged assessment year, the addition made by the Assessing officer as so confirmed by the ld CIT(A) is hereby sustained. In the result, ground of assessee’s appeal is dismissed.
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