2022 (3) TMI 890

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.... For the Appellant : Ms. N.V. lakshmi, CA for Shri. N.V. Balaji, Advocate For the Respondent : Shri. G. Johnson, Addl. CIT ORDER PER ANIKESH BANERJEE, JUDICIAL MEMBER: The said appeal is filed before the bench against the order of the learned Commissioner of Income Tax (Appeals)-17/ Chennai (in brevity Ld. CIT(A)), bearing order no-ITA TR IN No. 436/2014-15 u/s. 250(6) dated 02.07.2018....

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....ectification petition on dated 23.09.2014 and explained the two payments related Angamuthu amount of Rs. 9,50,000/- & Toshio Nakayama Rs. 2,98,500/-. The assessee explained in the petition that the payment to Angamuthu was repayment of loan during the year which received by trust on dated 24.01.2006 and related to Toshio Nakayama amount to Rs. 2,98,500/- was wrongly credited to the bank account of....

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.... rectification petition of the assessee. Accordingly, the rectification petition of the assessee is dismissed." 4. Against the rectification order of the Ld. AO, the assessee filed an appeal before the Ld. CIT(A) and the observations of the Ld. CIT(A) read as under: " As rightly pointed out by the Assessing Officer, the assessment order was disputed in appeal and this issue was not rai....

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.... AO considering the first appeal order of the ld CIT(A). The issue is raised before the bench. But, in this stage it is not possible for verification of the payments, made by the assessee. The matter is returned back to the Assessing Officer to take cognizance of the two payments and rectify the order under perview of Section 11 of the Act. Accordingly, the ld AO is directed to rectify the order U....