2021 (1) TMI 534

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....iyo Paul, Addl. CIT, appeared on behalf of the Revenue ORDER Per J. Sudhakar Reddy, AM: This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals)-4, Kolkata, [hereinafter the "CIT(A)"], passed u/s. 250 of the Income Tax Act, 1961 (the 'Act'), dated 15.02.2018 for the Assessment Year 2013-14 on the following grounds: "1. Fo....

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..../- claimed by the appellant as the establishment expenses and as such the Ld. ClT(A)'s action in confirming the action of the AO is bad in law and in view of the facts and in the circumstances it may be held accordingly. 4. For that in view of the facts and in the circumstances the Ld. CIT(A) erred in adding Rs. 43,797/- as alleged undisclosed interest income and in view of the facts and ....

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....ly. 7. That the appellant craves leave to add, alter, amend, amplify or modify any or all of the above grounds of appeal at or before the time of hearing of the appeal." 2. Ground nos. 1, 2 & 6 are dismissed as not pressed. 3. Ground no. 3 is against disallowance of statutory expenses claimed by the assessee. A perusal of these expenses demonstrates that they have been incurred as f....

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....erest and in support produced Form-26AS. 4.1. The Revenue submits that as per its record, interest has been paid by the Department to the assessee on the amount of income tax refund. The ld. D/R could not produce any evidences in support of the conclusion drawn by the AO. 5. Under these circumstances, as agreed to by both the parties, this issue is remanded back to the file of the AO for fre....