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2023 (1) TMI 1155 - AT - Income TaxIncome from House Property - Addition on account of notional rent - AO observed that in view of the provisions of section 23 of the Act, the deemed rental income of the property in question which remained vacant during the year was required to be taxed under the head ‘Income from House Property’ - AO, confronted the assessee who stated that the property could not be let out due to poor access and for want of regularisation - HELD THAT:- As decided in SH. KAMAL KUMAR [2022 (6) TMI 574 - ITAT DELHI] has considered the property located in similar locality and, after elaborate discussion, has found that there was reasonable cause for not putting the property on rent. Since on similar facts in similarly located property, ITAT has found the reasonable cause for not putting the property on rent, it was sufficient to permit the assessee to get away from the rigors of notional rent. We note that the submissions of the assessee’s counsel is that there was a sealing drive in the locality, so, it was difficult to find tenant and this was the reason the property could not be let out. It is the plea that identical facts were appreciated by the ITAT in the aforesaid order. Decide the issue in favour of the assessee. Addition of jewellery found in premises of the assesse - CIT-A held that sources of the jewellery have remained to be explained and accordingly, the ld. AO has rightly taxed it in the Assessment Year 2014-15 - HELD THAT:- We find that on a query as to whether there is any evidence of the source of investment and the mode of payment, the ld. Counsel fairly accepted that these cannot be substantiated. In this view of the matter, in our considered opinion, the assessee has been granted reasonable relief by the AO. The addition sustained is appropriate, hence, we do not find any infirmity in the order of the Revenue authorities in this regard. - Decided against assessee.
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