50 results for “house property”+ Section 11(5)clear
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In the result, appeal of the assessee is allowed
Bench: : Shri Ramit Kocharassessment Year: 2016-17
11 lenders out of which only 5 lenders responded to the enquiries made by the AO. The AO based on the analysis of the enquiry observed that the creditworthiness of the lender and genuineness of the interest could not be proved. The observations of the AO are recorded in the assessment order. The assessee even did not furnish the copy