ITO, NEW DELHI vs. SHRI BRIJ GOPAL CHAUHAN PROP., NOIDA

Bench: Shri Amit Shukla & Shri Prashant Maharishi

house property. Assessee made cheque payment of Rs. 10 lakhs and cash payment of Rs.33,35,000/- for purchase of above property . Assessee submitted that the above payment of Rs. 46,26,000/- is made from over-draft account. This contention was rejected by the Assessing Officer as no further information was filed. Further addition

SHRI BRIJ GOPAL CHAUHAN,NEW DELHI vs. ITO, NEW DELHI

Bench: Shri Amit Shukla & Shri Prashant Maharishi

house property. Assessee made cheque payment of Rs. 10 lakhs and cash payment of Rs.33,35,000/- for purchase of above property . Assessee submitted that the above payment of Rs. 46,26,000/- is made from over-draft account. This contention was rejected by the Assessing Officer as no further information was filed. Further addition

SMT. VINAY MEHTA,DELHI vs. ITO, NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri B.P. Jain

80D of Rs. 14,214/- and Rs. 5,648/- respectively leaving thereby taxable income of Rs.3,95,858/-. The main issue involved in this case is that during the year under assessment assessee has sold a property for consideration of Rs. 77,25,000/-. Accordingly, assessee was asked to file the details in this regard. Computation of income as well

M/S. RAMAN KUMAR SAWHNEY,NEW DELHI vs. ITO, NEW DELHI

Appeal of the Assessee is partly allowed

Bench: Shri H.S. Sidhu & Shri Anadee Nath Misshra

Section 143(3) of Income Tax Act, 1961, (“I.T. Act”, for short) wherein total income of the Assessee was determined at Rs. 80,52,480/- as per following computation: Income from House Property Income as declared 1,74,052 Business income Net Loss as per P & L a/c (-) 19,94,840 Less: STCG & LTCG