2025 (3) TMI 2188

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....nt appeal has been preferred by the assessee against the order passed by Commissioner of Income Tax (Appeals), Addl/JCIT(A)-12 Mumbai [hereinafter referred to as "CIT(A)'] dated 30-08-2024 arising out of the order passed u/s. 143(3) of of the Income Tax Act, 1961 (here-in-after referred to as "the Act") relevant to the Assessment Year 2017-18. 2. Adjournment application has been filed on behalf....

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....nvested the same in the immoveable property. The Assessing Officer observed that had the assessee not invested the amount in immoveable property, he would have earned interest income. He, therefore, estimated the notional interest income of the assessee on this account and made the impugned addition. Ld. CIT(A) confirmed the addition so made by the Assessing Officer. 5. I have heard the ld. Aut....