SMT. DEEPTI AGARWAL,NEW DELHI vs. ACIT, NEW DELHI
In the result, the appeal filed by the assessees is partly allowed
ITA 4944/DEL/2016[2011-12]Status: DisposedITAT Delhi25 Jul 2019AY 2011-12
Bench: Shri R.K. Panda & Shri Kuldip Singhassessment Year: 2011-12 Deepti Agarwal, Vs Acit, C/O M/S Pra Taxindia, Circle-53(1), D-28, South Extension, Part-I, New Delhi. New Delhi. Pan: Aampa0573C (Appellant) (Respondent) Assessee By : Shri Rakesh Gupta & Shri Somil Aggarwal, Advocates Revenue By : Ms Ashima Neb, Sr. Dr Date Of Hearing : 17.07.2019 Date Of Pronouncement : 25.07.2019 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 18Th July, 2016 Of The Cit(A)-18, New Delhi, Relating To Assessment Year 2011-12. 2. The Grounds Of Appeal No.1 & 2 Raised By The Assessee Read As Under:-
For Appellant: Shri Rakesh Gupta &For Respondent: Ms Ashima Neb, Sr. DR
Section 36Section 36(1)(iii)
purchase of this industrial plot out of
borrowed funds. No disallowance has been made in assessment year 2009-10 and 2010-11 and although disallowance has been made u/s 36(1)(iii) for assessment year
2008-09, however, the disallowance is for some other reasons and not on account of
investment in this particular industrial plot. We further find subsequent
