2022 (9) TMI 71

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.... DR ORDER Per Annapurna Gupta , Accountant Member Present appeal has been filed by the assessee against order passed by the ld. Commissioner of Income-Tax(Appeals)-2, Rajkot [hereinafter referred to as "Ld. CIT(A)"] under section 250(6) of the Income Tax Act, 1961 ("the Act" for short) dated 13.11.2017 pertaining to the Asst. Year 2013-14. 2. At the outset itself, the ld. counsel for t....

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.... no addition/disallowance amounting to Rs. 42,872/-, ought to have been confirmed. The additions need deletion. 4. The Ld. CIT(A) has erred in law and facts in confirming the decisions of the Ld. A.O. mentioned at in passing order at page no. 3 last 3 lines of the assessment order that there is assessed income of Rs. 61,50,420/- for A.Y. 2012-13 hence no loss will be set off in this year.....

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....iation on car on account of personal user, raised vide ground No. 1-3, the contention of the ld. counsel for the assessee was that there was no basis with the Revenue authorities to hold that the car had been used for personal purposes and the disallowance was based merely on surmises and conjectures. The ld. DR was unable to controvert the above contention of the ld. counsel for the assessee, ....

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.... of brought-forward loss of preceding year, raised vide Ground No. 4, the ld. counsel for the assessee pointed out that in the preceding year, i.e A.Y 2012-13, the assessee has returned huge losses, but on account of various additions made in the assessment framed for the said year, the entire losses were wiped off and income assessed at Rs. 61,50,420. He pointed out from the assessment order that....