2019 (4) TMI 1370

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....case and in law, the Ld. CIT(A) has erred in not considering the revised computation of book profits submitted by the Appellant during the course of the assessment proceedings and in not adjudicating on the merits of the case. 2. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in making an observation that the appellant had falsely taken the plea that its letter dated 22,01.2015 submitting the revised computation under section 115JB was not considered by the AO merely relying on an office note maintained by the AO to which the Appellant is not privy to. 3. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) failed to appreciate that the AO has neither referred nor discussed in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ncome as filed by the assessee. 4. Before the ld. CIT(A), the assessee submitted that during the course of assessment proceedings, the assessee filed a letter dated 22/01/2015, submitted the revised computation of its book profit u/s.115JB of the I.T. Act declaring total income of Rs. 2,48,07,947/-. It was further submitted that there was an inadvertent computation of book profit u/s 115JB of the I T Act as per the income tax return. The assessee requested the Assessing Officer to revised computation of book profit u/s.115JB of the I T Act as submitted before the Assessing Officer. It was further submitted that in the assessment order u/s.143(3) of the I T Act, the A.O. has not considered the revised computation of book profit u/s. 115JB o....