Vivek Sheel Aggarwal v. DCIT (2025) 212 ITD 257 (Delhi)(Trib.)

S. 57 : Income from other sources-Deduction of interest and commission-Failure to substantiate claim-Disallowance upheld.[S. 24(b), 57(iii)]

Assessee claimed deduction of interest under section 24(b) for loan on self-occupied house and further claimed balance interest under section 57. AO disallowed as no evidence was given to prove loan was for earning income. Similarly, commission payments claimed were found bogus since recipients denied or could not be produced. Tribunal upheld disallowances. (AY. 2013-14)  

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