2022 (5) TMI 523

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....CIT DR. ORDER PER SHRI RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the Commissioner of Income Tax(Appeals)-20, Kolkata [hereinafter referred to as 'CIT(A)'] dated 25.10.2021 for the assessment year 2013-14. 2. The only issue raised by the assessee is against the order of Ld. CIT(A) confirming the addition of Rs. 5,00,000/- as made by the AO toward....

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....und that he has not claimed any expenditure in the profit and loss account and therefore the order passed by the AO is not correct. However the contention of the assessee did not find favour with the ld CIT(A) and he also confirmed the order of AO nevertheless the Ld. CIT(A) observed in para 3.3. of the appellate order that the assessee has not claimed the said expenditure in the profit and loss a....