TaxTMI 
TaxTMI 
2025 (3) TMI 2314
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.....R. ORDER Per: Inturi Rama Rao, AM This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)], dated 30.11.2022 for Assessment Year (AY) 2016-17. 2. Brief facts of the case are that the assessee is an individual carrying on the business of running a hotel in the name and style of M/s. Hotel Land Mark. The return of income for ....
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....building in the name and style of Vinayak Golden Mall. The appellant also availed loan from KFC for construction of the said mall on which a total interest of Rs. 32,51,305/- was paid out of which an amount of Rs.19,48,720/- was capitalised in the books of account and the balance expense of Rs. 10,83,769/- was claimed as revenue expenditure. The AO was of the opinion that construction of the compl....
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....ified in claiming loss under the head 'house property'. 5. Being aggrieved, the appellant is in appeal before us in the present appeal. 6. It was submitted before us that the CIT(A) without considering the evidence filed in support of completion of the multiplex building merely concluded that the multiplex building is still under construction. In support of this he has filed acknowledgement ....
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.... of appeal relates to the disallowance of loss under house property income. The AO merely disallowed the loss claimed under the head 'house property' by holding that the building was still under construction. During the course of proceedings before the CIT(A), the appellant filed evidence in the form of completion certificate, occupancy certificate, etc. The CIT(A), without adverting to these evid....