9911796707
TMI Blog2023 (12) TMI 274X X X X Extracts X X X X X X X X Extracts X X X X ..... GADALE JM: The assessee has filed the appeal against the order of the National Faceless Appeal Centre (NFAC), Delhi /CIT (A) passed u/sec 154 and 250 of the Act. The assessee has raised the following grounds of appeal: 1. The Ld. CIT (A) erred in confirming CPC action of enhancing Income from House Property of Rs. 18,32,000/- under the head PGBP.. . 2. The Ld. CIT (A) erred in confirming the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /s 143(1) of the Act dated 08.07.2022 with addition under income from business and profession of Rs. 42.53.710/- and the total income was determined at Rs. 79,36,013/-. Subsequently the assessee has filed the rectification petition on 02.08.2022 against the order u/s 143(1) of the Act. Whereas the AO has sustained the addition and dismissed the rectification petition and passed the order u/s 154 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng policy/system fallowed by the assessee, in computing the total income, were the assessee has disclosed Income from House Property separately and claimed deduction U/sec24 of the Act. Further it was accepted by the revenue in the earlier years and such adjustments in the order is a debatable issue. The Ld.AR substantiated the submissions with the acknowledgement copy of the return of income file ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ession of Rs. 11.04,319/- and Income from other sources of Rs. 14,82,581/- and Gross total income was aggregated to Rs. 38,69,300/- and after claiming the deduction Under Chapter VIA of Rs 1, 85,000/- the taxable Total income is Rs. 36,84,300/- Further, as per order U/sec143(1) of the Act the total income provided/ offered by the assessee is Rs. 36,84,300/- and income computed U/sec 143(1) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accounting system adopted by the assessee. Accordingly, we considering the facts and circumstances, set-aside the order of the CIT(A) on the disputed issue of sustaining the addition of Rs. 18,32,00/- made by the CPC and direct the assessing officer to delete the addition and allow the grounds of appeal in favour of the assessee. 6. In the result, the appeal filed by the assessee is allowed. Ord ..... X X X X Extracts X X X X X X X X Extracts X X X X
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