Appeal

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2016 Facts: The assessee having business income did not shown house rent income and also did not claimed home loan interest and principal repayment deduction.

The AO while making assessment u/s 143(3) had added house rent income not declared in the ITR on scrutiny of bank account of the assessee.

But at the same time did not considered home loan repaid by the assessee (interest i& principal).

Can we file an appeal on the ground of not allowing deduction of home loan repayment?
Is there any case law regarding the same?

Thanks in advance.

Sangam Kothari

Sangam Kothari (Expert)
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28 December 2016 Yes the same can be intimated to AO regarding home loan and he have to assess the income after considering the interest and principal paid

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2016 But can we file appeal before CIT (Appeals) in this matter.

Is there any case law regarding this issue ?

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Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2016 The AO had not allowed the deduction during scrutiny assessment, that is why can we prefer an appeal ?