2024 (10) TMI 745

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..... ant Choudhary, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.1778/Del/2022 for AY 2013-14, arises out of the order of the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'ld. NFAC', in short] in Appeal No. ITBA/NFAC/S/250/2022-23/1046001421(1) dated 27.09.2022 against the order of assessment passed u/s 143(3) r.w.s. 144 of the Income-tax Act, 1961 (her .....

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..... ore the ld AO offering further income which he had earned in USA towards salary income. This additional income was Rs. 37,52,255/-. But the assessee offered Rs. 29,37,294/- in the original return and accordingly came forward to offer the differential sum of Rs. 8,14,961/- in the revised computation of income. The assessee claimed foreign tax credit of Rs. 4,03,420/- in respect of taxes paid in USA .....

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..... the revised computation filed by the assessee as under:- 5. From the aforesaid computation it could be seen that only an additional income of Rs. 8,14,961/- towards salary from HSBC USA was offered in the revised computation during the course of assessment proceedings. A sum of Rs. 29,37,294/- was already offered by the assessee in the original return of income. Hence, the lower authorities ought .....

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