2013 (5) TMI 389

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.... ORDER Per Bench :- These five appeals by the assessee relate to assessment years 2003-2004, 2004-2005, 2005-2006, 2006-2007 and 2007-2008. Since all these appeals are based on similar facts and circumstances involving similar ground, we are, therefore, proceeding to dispose them off by this consolidated order for the sake of convenience. Assessment Year 2003-2004 2. The only issue ....

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....urnished some details and also filed balance sheets for the last two years. The A.O. also noticed from the confirmations filed that the interest amounting to Rs.36,000 claimed as deduction was actually not paid to Sangita Didwani but only transfer entry was passed. In view of these facts, the Assessing Officer made disallowance of interest u/s 24 to the tune of Rs.1,13,288. 3. It was argued bef....

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....aterial on record. There is no appearance from the side of the assessee. It is seen that the only issue is against the deductibility or otherwise of interest amounting to Rs.1.13 lakh paid by the assessee in respect of loan taken for the purchase of flat in the computation of income under the head Rs.Income from house property'. The otherwise deductibility of interest paid for the acquisition of f....

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....ing of the sort has been done in this case. The submission made by the assessee in this regard has been simply brushed aside and the disallowance has been made and confirmed in a general way. It is also relevant to note, as is evident from the same para of the impugned order that : "the appellant had furnished a confirmation letter, relevant bank statement and pass book" to substantiate its claim ....