Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Satbeer Singh Godara & Shri Amarjit Singh
O R D E R Per Bench This assessee’s appeal for A.Y. 2015-16 arises against the CIT(A)’s DIN No. ITBA/APL/M/250/2023-24/10540044755(1) dated 30.06.2023 in proceedings u/s. 250 of the Income Tax Act, 1961 (the Act).
Case called twice. None appears at assessee’s behest. We accordingly proceed exparte.
Learned Sr. D.R. vehemently submits during the course of hearing that both the lower authorities herein have rightly invoked section 24(b) interest claim disallowance in the course of assessment dated 19.12.2017 as upheld in the CIT(A)’s impugned discussion.
Puthiya Purayil Ibrahim 3. We notice in this factual backdrop that the assessee has indeed filed the bank certificate in support of the impugned claim. The Revenue’s only case is that the same nowhere indicates the loans concerned had been availed relevant to the assessee’s house property so as to be eligible for section 24(b) deduction.
We deem it fit appropriate in these facts to restore the assessee’s instant appeal back to the Assessing Officer for it’s afresh adjudication, preferably within three effective opportunities of hearing, subject to the rider that it shall be the taxpayer’s onus and responsibility only to file and prove all the relevant facts in consequential proceedings. Ordered accordingly.
This assessee’s appeal is allowed for statistical purposes in above terms.