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Non-receipt of sale consideration vis-à-vis no handing over of property- Matter Remanded
Case Law Details
- Case Name
- ACIT Vs Late Sh. Amarjeet singh (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs Late Sh. Amarjeet singh (ITAT Delhi)
Facts- The assessee is an individual and deriving income from property, share income as partner in M/s S.M. & Sons and M/s Santokh Singh & Sons and interest income. The assessee filed its return of income on 30.09.2011 declaring an income of Rs.19,27,700/-. Subsequently, the assessee revised its return of income on 23.02.2013 declaring income at Rs.38,09,925/- on account of withdrawal of interest of Rs.17,69,625/- paid on bank loan and claimed under the head “property income” which was for business purposes.
During the year, the assessee...






