2022 (5) TMI 1456

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....ng total income of Rs.3,05,60,320/- and assessment u/s.143(3) of the Income Tax Act was completed on 26.03.2016 assessing total income at Rs.5,45,09,960/- interalia treating the capital gain on sale of depreciable assets as short term capital gain in place of long term capital gain for calculating tax on the same and made disallowance of Rs.90,050/- u/s 14A r.w.Rule 8D. 3. Aggrieved by the order of the AO, the assessee filed an appeal before the Ld.CIT(A), Mumbai. The Ld.CIT(A), Mumbai vide its order dated : 14.12.2018 had disposed off the assessee's appeal by allowing ground no.1 wherein the AO was directed to tax the capital gain on the sale of property shown as a depreciable asset @ 20% instead of 30% while ground no.2 of the assessee'....

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....condoned without insisting upon filing any application for condonation of delay. 5. In this regard, it is hereby brought to your kind notice that the letter dt.09.10.2020 filed by the assessee along with a copy of declaration filed under Vivad Se Vishwas Tax Scheme, 2020 was pertaining to appeal filed by the assessee before the Ld.CIT(A)-8, Mumbai for A.Y. 2013-14 on 24.08.2019 vide Reference No./Acknowledgment no.875703191240819. The assessee's said appeal was in relation to rejection of rectification order passed by the A.O. u/s 154 of the I.T. Act dated 25.07.2019 wherein the contention of the assessee was that while computing the tax consequent to order giving effect dated: 12.03.2019 of the Ld.CIT(A)-8, interest charged u/s 234A & 23....