2025 (5) TMI 1474

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..... KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2019-20 arises out of an order of learned Commissioner of Income Tax (Appeals), Kanpur Delhi [CIT(A)] dated 09-02-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 30-09- 2021. The sole grievance of the assessee is confirmation of addition of Rs.9.90 Lacs .....

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..... of the assessee. 3. In the first appeal, the assessee placed reliance on the provisions of Sec. 23(1)(c) and also stated that some of the properties were used for the business of the assessee group. The Ld. AO did not make any enquiry to ascertain the expected rental value of these properties. The decision of Hon'ble High Court of Allahabad High Court in Smt. Radha Devi Dalmia (4 Taxmann.com 183 .....

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..... investment value. No such exercise has been carried out by Ld. AO. The Ld. AO has also not granted vacancy allowance to the assessee. Considering all these facts and with a view to settle the dispute, we restrict impugned addition to lump sum addition of Rs.2 Lacs (net) and delete the remaining addition as sustained in the impugned order. No other deduction would be allowed against estimated addit .....

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