Addition against Salaried Person towards Loan taken for Foreign Studies of Daughter: ITAT slams Dept for taking a Pedantic Approach [Read Order]

Salaried Person - Loan - Foreign Studies - Daughter - ITAT slams Dept - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune bench, while deleting an addition against an individual, held that the department shall adopt a holistic approach and analyse the facts of the case while making additions. The assessee has been a salaried employee at the material time and now a retired person. A sum of Rs.15.05 lakh…

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