2022 (9) TMI 1596

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..... B. R. R. KUMAR, ACCOUNTANT MEMBER: 1. The present appeal has been filed by the Assessee against the order of the ld. Pr. CIT, Delhi-1 dated 28.03.2021. 2. The Assessee has raised the fol lowing grounds of appeal:- "1. That, the order of learned Pr. Commissioner of Income Tax u/s 263 of the I.T. Act is bad in law and is against the facts and circumstances of the case. 2. That, Id. PCIT has e .....

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..... lf has declared surplus of Rs. 29,32,028/ -. As such after considering correct figure there is no loss to revenue." 3. The appeal against the order u/s 263 has been heard at length in regard to arguments put forward by both the parties. Core issues narrows down to computational mistake in the order of the Ld. Pr. CIT with regard to work in progress and determination of percentage completion metho .....

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