2022 (12) TMI 292

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....R INTURI RAMA RAO, A M: This is an appeal filed by the assessee directed against the order of ld. Commissioner of Income Tax (Appeals)-5, Pune ['the CIT(A)'] dated 23.08.2018 for the assessment year 2015-16. 2. Briefly, the facts of the case are that the appellant is an individual engaged in the business of running a hotel. The Return of Income for the assessment year 2015-16 was filed on 31....

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....vidence in respect of expenditure incurred on the construction of residential bungalow at Gat No.1185, Wagholi, Pune and, accordingly, the Assessing Officer denied the same. 3. Being aggrieved by the above assessment order, an appeal was filed before the ld. CIT(A), who vide impugned order directed the Assessing Officer to allow the deduction u/s 54B to the extent of that the lands were purchas....