ZAFAR IQBAL,SILIGURI vs. DCIT, CIRCLE - 1, SILIGURI, SILIGURI

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

house property within two years from the date of transfer of his old landed property, and he was eligible to claim deduction

FALCON VINCON PRIVATE LIMITED ,BENGALURU vs. PR.CIT-3, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am Falcon Vincon Private Limited Vs. Pr. Cit-3, Kolkata 102, Tower No.12, Shriram Sameeksha, New Gangamma Gudi Police Station Road, Naidu Layout, Bengaluru "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcf3203C (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

house property, Profits and gains of business or profession, Capital gains and Income from other sources. A particular income, therefore, has to be classified in one of the aforesaid heads. It is on that basis rules for computing income and permissible deductions

M/S MORGAN WALKER & CO. LTD.,KOLKATA vs. ACIT, CEN. CIR-2(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

House Property under the head business. Thus, it claimed deduction under two heads by claiming house property income related expenditure

DCIT, CIR-12(1), KOLKATA, KOLKATA vs. M/S BENGAL AMBUJA HOUSING DEVELOPMENT LTD., KOLKATA

In the result, the both appeals of the Revenue are dismissed

Bench: Shri A. T. Varkey, Jm & Shri A.L.Saini, Am]

Properties vs. DCIT (138 ITD 278) (Pune ITAT) 4.26 Copies of these decisions were filed in the course of hearing from which it appeared that in all the above cases the assessees had undertaken development of housing projects which were approved by a common sanction granted by the local authorities. The assessees however completed the construction of the housing projects

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property has not been controvertd by giving any proof or otherwise. According to him, the claim of depreciation on this property is not allowable since rental income from the said property has been computed by applying the provisions to section 22 to 27 wherein standard deduction

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property has not been controvertd by giving any proof or otherwise. According to him, the claim of depreciation on this property is not allowable since rental income from the said property has been computed by applying the provisions to section 22 to 27 wherein standard deduction

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property has not been controvertd by giving any proof or otherwise. According to him, the claim of depreciation on this property is not allowable since rental income from the said property has been computed by applying the provisions to section 22 to 27 wherein standard deduction

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, KOLKATA

In the result, all the appeals of the assessee are dismissed

Bench: Shri Sanjay Garg & Shri Girish Agrawal

house property has not been controvertd by giving any proof or otherwise. According to him, the claim of depreciation on this property is not allowable since rental income from the said property has been computed by applying the provisions to section 22 to 27 wherein standard deduction

SMT TARAMONI JALAN,KOLKATA vs. ITO, WD-43(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri P.M. Jagtap

house property’ for letting out 350 sq.ft. of terrace space and disallowing deductions claimed u/s 24 of the I.T. Act on such

SRI PRADEEP SINGH GURUNG,SILIGURI vs. DCIT, CIRCLE-3, SILIGURI, SILIGURI

In the result, appeal of assessee is allowed

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

house property, the deduction is allowed in the event the assessee purchased the new residential house property takes place before

DCIT, CIR-6(1), KOLKATA, KOLKATA vs. M/S INDIA CITY PROPERTIES LTD., KOLKATA

In the result, the revenue’s appeal for A

house property”. Accordingly, the claim of the assessee for business loss was disallowed by him and after allowing standard deduction

DCIT, CIR-6(1), KOLKATA, KOLKATA vs. M/S INDIA CITY PROPERTIES LTD., KOLKATA

In the result, the revenue’s appeal for A

house property”. Accordingly, the claim of the assessee for business loss was disallowed by him and after allowing standard deduction

DCIT, CIR-6(1), KOLKATA, KOLKATA vs. M/S INDIA CITY PROPERTIES LTD., KOLKATA

In the result, the revenue’s appeal for A

house property”. Accordingly, the claim of the assessee for business loss was disallowed by him and after allowing standard deduction

PADMALOCHANAN RADHAKRISHNAN,KOLKATA vs. A.C.I.T., CIRCLE - 62, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Boradi.T.A. No. 130/Kol/2023 Assessment Year: 2014-2015

deduction on account of interest upto Rs. 2 lakhs in relation to self-occupied as well as let- out property has been brought into the Act with effect from AY 2020-21. However, for AY 2014-15 there was no restriction per se with regard to let- out properties. “24. Income chargeable under the head "Income from house

RAJATGIRI OIL INDUSTRIES,KOLKATA vs. ACIT, CIR-28/KOL, KOLKATA

In the result, appeal of the assessee is dismissed

Bench: Shri Sanjay Garg & Dr. Manish Borad

house property has not been controvertd by giving any proof or otherwise. According to him, the claim of depreciation on this property is not allowable since rental income from the said property has been computed by applying the provisions to section 22 to 27 wherein standard deduction

BIP DEVELOPERS PVT. LTD.,KOLKATA vs. DCIT, CIRCLE-2(1), KOLKATA, KOLKATA

In the result, all the appeals of the assessee as well as Revenue are partly allowed as indicated above

Bench: Shri P.M. Jagtap & Shri Satbeer Singh Godara

house property” and the business loss of Rs.30,34,296/- shown by the assessee by claiming the expenses under various heads was disallowed by him. He also disallowed the claim of the assessee for deduction

ACIT, CIRCLE-15(1), KOLKATA, KOLKATA vs. M/S. DEVA LEASE AND FINANCE PVT. LTD., KOLKATA

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2012-13 Acit Circle-15(1), V/S. M/S Deva Lease & Aayaka Bhawan,Poorva Finance Pvt. Ltd., 1A, 110, Shantipally, Kolkta- K.B.R. Complex, 4, Ho- 107 Chi-Min Sarani, Kolkata-71 [Pan No.Aabcd 7839 E] .. अपीलाथ" /Appellant ""यथ"/Respondent C.O. No.54/Kol/2017 (A/O Ita No.961/Kol/2017) Assessment Year :2012-13 M/S Deva Lease & V/S. Acit, Circle-15(1), Finance Pvt. Ltd., 1A, Aaykar Bhavan, Poorva, K.B.R. Complex, 4, Ho- 110, Shantipally, Chi-Min Sarani, Kolkata- Kolakta-107 71 [Pan No.Aabcd 7839 E] .. "तया"ेपक/Co-Objector ""यथ"/Respondent

house property’ and allow all eligible deductions. In case any income is not held not assessable under head house property

SMT. PRIYANKA GANGULY,KOLKATA vs. D.C.I.T.(IT)-CIRCLE-2(1), KOLKATA

In the result, the appeal filed by the assessee in ITA No

Bench: Dr. Manish Borad&Shri Anikesh Banerjee]

House Property income, and claim of interest deduction against such House Property income: I have carefully examined the submission made