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2022 (5) TMI 368 - ITAT CHENNAIRectification u/s 154 - AO has not discussed the allowability or otherwise the high interest expenditure claimed against the addition to the fixed assets - HELD THAT:- The assessee has not claimed in the return of income in respect interest expenditure. Subsequently, the assessee filed a letter before the AO. AO has not considered the letter filed by the assessee with regard to the interest expenditure and concluded the assessment order under section 143(3) of the Act. Subsequently, the assessee has filed a petition u/s 154 of the Act to rectify the assessment order passed under section 143(3) of the Act dated 24.12.2016 and the same was rejected by the Assessing Officer on the ground that the assessee has not claimed interest expenditure in the original return of income filed by the assessee. On appeal, the ld. CIT(A) confirmed the rejection of petition filed by the assessee under section 154 of the Act. Since the Assessing Officer has no power to adjudicate a claim, which was not made in the original return of income filed by the assessee or filed any revised return of income before conclusion of assessment, we find no infirmity in the order passed by the ld. CIT(A) on this issue and accordingly, the appeal filed by the assessee is dismissed.
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