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Addition on FD Interest Remanded as Authorities Failed to Examine Mutuality Principle

Case Law Details

Case Name
Eldeco Eden Park Apartment Owners Welfare & Maintenance Association Vs ITO (ITAT Lucknow)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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Eldeco Eden Park Apartment Owners Welfare & Maintenance Association Vs ITO (ITAT Lucknow) The appeal before the Income Tax Appellate Tribunal (ITAT), Lucknow, was filed by the assessee for Assessment Year 2017–18 against the appellate order dated 28.01.2025 passed by the Commissioner of Income Tax (Appeals) [CIT(A)], Gurugram. The Assessing Officer, through an order dated 27.11.2019, determined the total income of the assessee at ₹8,06,784 as against a returned income of NIL. This addition arose from interest earned by the assessee on fixed deposits with banks. The CIT(A) upheld the ad...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 17,295

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