M/s. Indraprastha Shelters Private Limited, Bangalore The Deputy Commissioner Of Income Tax, Circle-11(4), Bangalore

Last updated: 30 December 2020
Quick Summary
This Income Tax Appellate Tribunal case, ITA No.2597/Bang/2019, concerns M/s. Indraprastha Shelters Pvt. Ltd. for the Assessment Year 2011-12. The company, involved in real estate development, declared a total income of Rs.1,10,88,029/-. A significant portion of this income was declared under 'Income from House Property', with a deduction claimed for Rs.69,84,167/- representing interest paid on capital borrowed for property construction under section 24(b) of the Income Tax Act.

Court :
ITAT Bangalore

Brief :
This is an appeal by the assessee against the order dated 23.10.2019 of CIT(A)-3, Bangalore, relating to Assessment Year 2011-12.

Citation :
ITA No.2597/Bang/2019

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