9911796707
TMI Blog2014 (5) TMI 771X X X X Extracts X X X X X X X X Extracts X X X X ..... led by the revenue against the order of Ld CIT(A) dated 9.11.2011. The only issue raised in this appeal is the deletion of Rs..28,35,000/- by Ld CIT(A) which was made by Assessing Officer on account of excess rent paid by the assessee. 2. At the time of hearing, the Ld DR read the assessment order and invited our attention to the fact that as compared to previous year the rent was excessive and t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as paid for increased accommodation. 4. We have heard the rival submissions of both the parties and have gone through the material available on record. We find that Ld CIT(A) after going through the submissions of assessee had passed an elaborate order justifying the payment of rent. The relevant portion of Ld CIT(A) is reproduced as under:- "I have carefully considered the assessment order as w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, I also find that the rent paid by the assessee has been duly reflected by the holding company and the holding company has shown the same as its income from house property paying the applicable tax fully, at the maximum rate and has been accepted in an assessment completed u/s 143(3) of the Act. Therefore, I am of the view that the addition is not justified and is directed to be deleted." We do ..... X X X X Extracts X X X X X X X X Extracts X X X X
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