ITAT Remits matter to AO to Determine Actual status of Payment of Consideration towards Purchase of Flat by Co-owners [Read Order]

ITAT Remits matter - AO to Determine Actual status - Payment of Consideration - Purchase of Flat by Co-owners-TAXSCAN

The Raipur Bench of Income Tax appellate Tribunal (ITAT) held that on perusal of the statement of working and the supporting bank statements it is observed that the Home Loan of Rs. 69,00,000/- from HDFC Bank is divided equally between the co-owners but was not supported with any evidence, hence restored the matter to Assessing…

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