SATISH PRAKASH AGARWAL,AGRA vs. THE ACIT, CIRCLE 1(2)(1), AGRA, AGRA
In the result, appeal of the assessee is allowed
ITA 113/AGR/2021[2016-17]Status: DisposedITAT Agra07 Feb 2025AY 2016-17
Bench: : Shri Ramit Kocharassessment Year: 2016-17
Section 143(2)Section 143(3)Section 36(1)(iii)
house property and income from other sources, is
the double addition as the interest expenditure stood already disallowed
by the Assessing Officer, was rejected by the ld. CIT(Appeals) and the
assessment order was affirmed. It is observed that the Assessing Officer
disallowed interest expenditure of Rs.34,38,533/- by verifying the
creditworthiness and genuineness of the transactions
