2018 (2) TMI 496

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....captioned appeal by assessee for Assessment Year [AY] 2008-09 contest the order of the Ld. Commissioner of Income-Tax (Appeals)-6 [CIT(A)], Mumbai, Appeal No. CIT(A)-6/IT-200/2010-11 dated 30/03/2013 The assessment for impugned AY was framed by Ld. Income Tax Officer 2(3)(2), Mumbai [AO] u/s 143(3) of the Income Tax Act, 1961 on 10/12/2010. None has appeared for assessee despite notice and no adjo....

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....n in the matter. 2. The CIT(A) erred in holding that the ITO was right in disallowing maintenance charges of Rs. 3,72,000/- in computing the income under the head 'Income from House Property' on the ground that the said amount was not deductible under section 24 of the Act. The Appellants submits that their claims eligible for deduction and the ITO be given suitable directions in the matter. ....

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....re disallowed. 2.3 The second issue under appeal is head under which certain interest & misc. income earned by the assessee would be assessable to tax. The assessee earned interest of Rs. 2.97 Lacs from Capital Gains Bonds issued by NHAI and offered the same as Business Income. Similarly, certain other misc. incomes aggregating to Rs. 48,407/- was claimed as Business Income. All these incomes, in....