GHANSHYAM BHAGWANDAS KEWALRAMANI,NAGPUR vs. DCIT/ACIT CIRCLE-2, NAGPUR
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Income Tax Appellate Tribunal, NAGPUR SMC BENCH, NAGPUR
Before: SHRI MANISH BORAD
This appeal by the assessee is directed against the order of Ld.ADDL/JCIT (Appeals), Panaji (for short, “CIT(A)”) dated 15.12.2025 passed u/sec. 250 of the Income Tax Act, 1961 (for short, “Act”) which is arising out of assessment order dated 17.12.2019 passed u/sec. 143(3) of the Act by the ACIT, Circle- 2, Nagpur for the Assessment Year (A.Y.) 2017-18. 2. The sole grievance of the assessee is against the addition for notional interest at Rs. 5,10,396/-
I have heard the rival submissions and perused the material placed before me. Assessee is an individual and declared income of Rs. 18,93,830/- in the return for A.Y. 2017-18 filed on 26.02.2018. After serving valid notice, assessee filed his submissions. Assessee derives income
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