AO adds Building Depreciation Amount and Loan Amount: ITAT restores matter to Consider Additional Evidence [Read Order]

The tribunal remitted the matter back to the AO and was directed to consider the documents submitted by the assessee
By Franklin Joshva - On March 18, 2025 2:47 pm - 2 mins read
building depreciation amount - depreciation amount - loan amount - ITAT - ITAT restores matter - additional evidence - evidence - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has restored the issue of disallowance of depreciation on building amount and addition of loan amount for fresh consideration of additional evidence.  Rajeev Mittal (assessee) is an individual who purchased a commercial property for Rs. 40,00,000 against the circle rate of Rs. 1,51,39,000. The assessee…

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