2024 (5) TMI 159

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..... he ORDER This assessee's appeal for assessment year 2020-21, arises against the National Faceless Appeal Centre [in short the "NFAC"] Delhi's Din and Order No. ITBA/NFAC/S/250/2022- 23/1047459618(1), dated 16.11.2022, involving proceedings u/s. 143(3) of the Income Tax Act, 1961 (in short "the Act"). Heard both the parties. Case file perused. 2. Delay of 08 days in filing the instant appeal is .....

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..... ee had also not filed it's correct statement of facts in the lower appellate proceedings which has resulted in rejection of it's impugned deduction. 5. I have given my thoughtful consideration to the foregoing rival stands and find merit in assessee's case. This is for the precise reason that the assessee has all along been claiming the impugned sum to be representing it's SLR i.e., Statutory Liq .....

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