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2020 Supreme(Online)(ITAT) 4840

INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
M/S. ASSET INVESTMENT SERVICES THANE – Appellant
Versus
ITO-26(1)(2) MUMBAI – Respondent


ORDER

PER RAM LAL NEGI, JM

This appeal has been filed by the assessee against the order dated 10.08.2018 passed by the Commissioner of Income Tax (Appeals) -38 (for short ‘the CIT (A) Mumbai, for the assessment year 2012-13, whereby the Ld. CIT (A) has dismissed the appeal filed by the assessee against the assessment order passed u/s 143 (3) read with section 147 of the Income Tax Act, 1961 (for short the ‘Act’).

2. Brief facts of the case are that the assessee company engaged in the business of renting out commercial properties, filed its return of income declaring nil income after claiming loss of Rs. 23,62,983/-. Subsequently, notice u/s 148 of the Act was issued and the assessment order u/s 143(3) read with section 147 was passed determining the total income of the assessee at Rs. 34,95,740/- after making addition of Rs. 34,95,744/- as income from house property. The assessee challenged the assessment order before the CIT(A). The Ld. CIT(A) after hearing the assessee dismissed the assessee’s appeal and confirmed the Action of the AO. The assessee is in appeal before the Tribunal against the order passed by the Ld. CIT(A)

3. The assessee has challenged the impugned order passed by t

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