M/S CESSNA GARDEN DEVELOPERS PVT.LTD,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, BANGALORE
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 2097/BANG/2016[2010-11]Status: DisposedITAT Bangalore14 Feb 2018AY 2010-11
Bench: Shri Arun Kumar Garodia & Shri Lalit Kumarassessment Year : 2010-11
For Appellant: Shri Padam Chand Khincha, CAFor Respondent: Ms. Susan D. George, CIT (DR-I)
Section 24Section 28Section 37
Section 32(1) of the Act.”
5. The Assessing Officer was not convinced with the reasoning given by the assessee and therefore disallowed the business losses to the tune of Rs.
5,20,16,620/- and treated the entire rental receipt as income from the house property. After treating the rental income as income from the house property, the Assessing
