M/S.KERALA FEEDS LTD,THRISSUR vs. ITO, TRICHUR

In the result, appeal is allowed for statistical purposes

Bench: Shri N. V. Vasudevan & Ms. Padmavathy Sassessment Year : 2015-16 M/S. Kerala Feeds Limited, Vs. The Income Tax Department, Kallettumkara, Irinjalakunda, National Faceless Appeal Thrissur – 680 683. Centre (Nfac). Pan : Aaack 9796 N Ito (Tds), Thrissur. Appellant Respondent

156 ITR 127 (Raj) 2) Smt. Kala Rani v. CIT 130 ITR 321 (Punj & Har). Further, as per the Income-tax Act, the land and the building are 3) separate assets as per the following decisions. Therefore, if an employee had availed housing loan; he is eligible for deduction for the interest paid. CIT vs. Vimal Chand Golecha

RUCHIT PARIMAL ASHAR,SANALA ROAD, MORBI vs. ACIT CENTRAL CIRCLE-1, CALICUT

In the result, appeal of the assessee is hereby dismissed