2021 (7) TMI 452

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....resent appeal has been preferred by the assessee against the order dated 09-06-2019 of the Commissioner of Income Tax (Appeals), 12, Kolkata [hereinafter referred to as 'CIT(A)']. 2. The assessee in this appeal has taken the following grounds of appeal :- 1. That on the facts and circumstances of the case, the Ld. CIT(A) erred in passing the order appealed against sustaining and confir....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the Learned Assessing Officer ( in short, the Ld. AO ) on account of debit of some amount out of interest income shown in earlier year(s) in the profit & loss accounts. During the assessment proceedings, the Ld. AO noted that the assessee has debited an amount of Rs. 31,24,924/- in the P & L account under the head 'Interest on Investment'. On being asked to explain, the assessee explained that du....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....en made in this year. The Ld. DR has been fair enough to submit that if it is a case of any mistaken entry and rectification thereof, the matter may be restored to the file of Ld. AO for verification of the said fact. The Learned Counsel for the assessee has also made similar request. 5. In view of the submissions of both the ld. Representative of the parties, this issue is restored to the file....