9911796707
TMI Blog2024 (10) TMI 252X X X X Extracts X X X X X X X X Extracts X X X X ..... JM This appeal is filed by the Assessee for the Assessment Year 2018- 19 against the order of the Ld. Commissioner of Income Tax Appeals) -18 New Delhi ('CIT(A)' for short), dated 31.10.2019. 2. Brief facts of the case are that, Assessee filed return of income declaring taxable income of Rs. 2,25,49,722/-. The return of income was processed by CPC u/s 143(1) of the Income Tax Act, 1961 ('Act' fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee has placed copy of Bank Statement depicting the deposit and bouncing of rental cheques and also document to show that a case has been filed case against the tenant for recovery of the rent, however, the Ld. CIT(A) strangely insisted the Assessee to produce the confirmation from tax deductor regarding deduction and non-deposit of TDS. Further submitted that the Appeal of the Assessee has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 39;s Representative prayed for allowing the Appeal of the Assessee. 4. Per contra, the Ld. Departmental Representative by relying on the orders of the Lower Authorities sought for dismissal of the appeal filed by the Assessee. 5. We have heard both the parties and perused the material available on record. It is not in dispute that in the case of co-owner namely Sh. Krishna Saran Dass on an ident ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id in the name of Krishna Benefit Trust may be given to the Assessee because even the income which was earned in the name of Krishna Benefit Trust was included in the taxable income of the Assessee. However, such credit given by the AO should be in accordance with the procedure laid down under the provisions of Section 199 of the Act read with Rule 37BA of the Income Tax Rules (given that in this ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
