INCOME TAX APPELLATE TRIBUNAL AGRA BENCH “SMC”: AGRA BEFORE SHRI M. BALAGANESH, ACCOUNTANT MEMBER (Assessment Year: 2023-24)

O R D E R

1. The appeal in ITA No. 528/AGR/2025 for AY 2023-24, arises out of the order of the ld National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as ‘ld. CIT(A)’, in short] dated 08.10.2025 against the order of assessment passed u/s 143(3) r.w.s. 144B of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) dated 12.03.2025 by the Assessing Officer, ITO, Ward-4(3)(4), Hathras (hereinafter referred to as ‘ld. AO’).

2. The only effective issue to be decided in this appeal is as to whether the assessee would be entitled for deduction of Rs 5,74,560/- on account of interest paid on loan in the facts and circumstances of the instant case.

3. I have heard the rival submissions and perused the materials available on record. The assessee electronically filed his return for the assessment year 2023-24 on 30-12-2023 declaring total income of Rs. 18,07,160. This r