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Case Law Details

Case Name : Shri. S. P. Hombanna Vs. Income-tax Officer (ITAT Bangalore)
Related Assessment Year : 2009- 10
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Shri. S. P. Hombanna Vs. Income-tax Officer (ITAT Bangalore)

Ld. AR has submitted that the assessee is a partner in Soundarya Constructions and has filed the return of income claiming the deduction of interest paid on loan amount of 11,45,607/-. It was also the case of the assessee that in the previous years the AOs have allowed the deduction of interest paid on loan amounts. However in the present assessment year, the AO has declined this amount. It was submitted that this

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