2026 (4) TMI 94

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....urchased by the assessee from M/s. Vatika Ltd. It was the submission that the assessee had purchased a flat for a consideration of Rs. 38,11,000/- from M/s. Vatika Limited. Under the buy-back agreement with M/s. Vatika Ltd, the assessee was to receive the entire principal amount of Rs. 38,11,000/- and interest under the name of premium of Rs. 26,00,000/-. Thus, the total consideration receivable by the assessee form the M/s. Vatika Limited was Rs. 64,11,000/-. It was the submission that M/s. Vatika Limited had paid the assessee an amount of Rs. 48,00,000/- resulting in payment on account of interest of Rs. 9,89,000/- However, M/s Vatika Ltd. had deducted TDS to an extent of Rs. 2,60,000/- on the entire interest amount of Rs. 26,00,000/-. As....

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....as the submission that what is due from the M/s. Vatika Limited was the part of the premium/interest portion and not the principal. It was the prayer that the assessee is an individual and the premium/interest would be offered to tax when the same is received by the assessee and the assessee is yet to receive the premium/interest of Rs. 16,11,000/-. It was the prayer that the addition as made by the AO and as confirmed by the Ld.CIT(A) may be deleted. 4. In reply, the Ld.Sr DR submitted that the assessee has not provided all the details before the AO. 5. We have considered the rival submissions. A perusal of the page No.12 of the order of the Ld.CIT(A) clearly shows that all the documents had been submitted by the assessee and remand ....