2021 (11) TMI 775

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....e-tax (Appeals)-13, Chennai is contrary to law, facts and circumstances of the case and is opposed to the principles of natural justice. 2. For that the revision by the Principal CIT-8, Chennai upon the completion of the Assessment by the Ld. AO u/s. 143(3) duly considering the facts and evidences with full application of mind on the subject matter of claim made by the Appellant u/s. 54F, does not fall within the power of the Pr. CIT- 8. 3. For that on the facts and in the circumstances of the case, the Pr. CIT 8, Chennai erred in directing the Ld. AO to deny the exemption claimed by the appellant under section 54 F without appreciating the fact that the appellant was only a co-owner of two commercially let-out properties ....

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....iscellaneous expenses and other expenses debited into profit & loss account. Therefore, assessment has been completed by the Assessing Officer u/s. 143(3) of the Act dated 27.03.2015 making addition of Rs. 96,216/- and thus, determined total income of Rs. 9,15,636/-. Subsequently, case has been referred to Pr. CIT, Chennai for revision u/s. 263 of the Act, insofar as the impugned order of assessment is prejudicial to the interests of the Revenue. The learned Pr. CIT, after careful consideration of written submissions filed by the assessee and impugned assessment order, passed order u/s. 263 of the Act directing the Assessing Officer to revise assessment. Accordingly, the Assessing Officer passed order dated 30.07.2017 giving effect to the o....