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ITAT allowed assessee's appeal for statistical purposes on multiple grounds. Regarding new claims under section 153A proceedings not made in regular return, ITAT confirmed assessee's right to make such claims but remanded matter to AO for substantiation of Rs. 2 lakh interest expenditure on housing loan with proper documentation. On interest disallowance issue, ITAT set aside CIT(A)'s order directing AO to delete disallowance based on precedential authority. For agricultural income taxation, ITAT restored matter to AO granting assessee opportunity to substantiate agricultural activity claims with supporting documents. Similarly, Chapter VI-A deduction disallowances for medical insurance premium, LIC policy, and housing loan principal repayment were remanded to AO for fresh consideration upon proper documentation by assessee.
ITAT allowed assessee's appeal for statistical purposes on multiple grounds. Regarding new claims under section 153A proceedings not made in regular return, ITAT confirmed assessee's right to make such claims but remanded matter to AO for substantiation of Rs. 2 lakh interest expenditure on housing loan with proper documentation. On interest disallowance issue, ITAT set aside CIT(A)'s order directing AO to delete disallowance based on precedential authority. For agricultural income taxation, ITAT restored matter to AO granting assessee opportunity to substantiate agricultural activity claims with supporting documents. Similarly, Chapter VI-A deduction disallowances for medical insurance premium, LIC policy, and housing loan principal repayment were remanded to AO for fresh consideration upon proper documentation by assessee.
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