2022 (2) TMI 871

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....l , Advocate ( AR ) ORDER PER RAJESH KUMAR , ACCOUNTANT MEMBER The present appeal has been preferred by the revenue against the order dated 19-02-2020 passed by the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A), Asansol for the AY 2008-09. 2. The only issue raised by the revenue is against the order of the Ld. CIT(A) allowing relief of Rs. 34,07,60,000/- b....

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....3,000/- was appearing under the head "provisions" in the balance sheet which were not allowable and consequently added the same to the income of the assessee while framing the assessment u/s. 143(3) of the Income-tax Act, 1961 (in short, referred to as the 'Act') vide order dated 31.12.2010. However, as a matter of fact the assessee charged to the profit and loss account a sum of Rs. 1246.....

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....order of the Ld. CIT(A), the A.O. reduced Rs. 1303,77,23,000/- instead of Rs. 13,37,84,83,000/-, thereby not deleted the disallowance/addition to the tune of Rs. 34,07,60,000/- from the assessed income. 5. Hence, the assessee preferred an appeal before the Ld. CIT(A). In the appellate order, the Ld. CIT(A) recorded a find that, the Ld. A.O. have reduced Rs. 13,03,77,23,000/- instead of Rs. 13,3....