2025 (11) TMI 925

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....e Revenue : Shri Rohit Aasudani, Sr DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT : This appeal has been filed by the assessee against the order passed by the Ld. Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi (hereinafter referred to as "CIT(A)" for short) dated 18.08.2025 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to a....

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....ecurities. The Assessing Officer noted that the assessee owned four immovable properties, namely-(i) Devnandan Platina, (ii) Dharnidhar Pride, (iii) Samatwa Bungalow, and (iv) Ambica House, but had disclosed only Devnandan Platina as a self-occupied property in his return of income. The Assessing Officer held that the other two properties, Samatwa Bungalow and Ambica House, were not self-occupied ....

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....made before the lower authorities and contended that the Assessing Officer and Ld. CIT(A) erred in adopting notional rent based on online data instead of municipal valuations. He further submitted that interest deduction under section 24(b) should be allowed since the deemed rent was brought to tax. 7. The Ld. DR supported the findings of the lower authorities and submitted that both additions ....

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....o infirmity in the orders of the lower authorities. The addition of Rs. 2,82,090/- towards deemed rental income is hereby upheld. (ii) Disallowance of Housing Loan Interest 8.2 As regards the interest deduction under section 24(b), the same was disallowed for want of supporting evidence such as loan sanction letters and interest certificates. In the interest of justice, however, we deem it a....