2022 (12) TMI 569

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... A.; For the Department : Md. Gayasuddin Ansari, Sr. D. R.; ORDER PER YOGESH KUMAR US, JM This appeal is filed by the Revenue for assessment year 2011-12 against the order of the ld. Commissioner of Income Tax (Appeals), Rohtak, dated 30.09.2019. 2. The Revenue has raised the following grounds of appeal:- "1. On the facts and in the circumstances of the case the ld. CIT (A)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....peal No. 2, the present case falls within the exception laid down by the CBDT (Audit Objection). Therefore, the present Appeal requires to be decided on merit. 3. Brief facts of the case are that, the assessee has filed its income for Assessment Year 2011-12 declaring total income at Rs. 1,06,69,74,349/-. The assessee being a regional rural established under RRBs Act, 1976, during the year unde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l payment. 4. As against the assessment order dated 25/02/2104, the assessee has preferred an Appeal before the CIT(A). The Ld.CIT(A) vide order 30/09/2019, allowed the Appeal and deleted the addition made by the Ld. A.O. 5. Aggrieved by the order dated 30/09/2019, the Revenue has preferred the present Appeal on the grounds mentioned above. 6. The Ld. DR submitted that the Ld.CIT(A) has e....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ubmitted that, there is no loss to the Revenue in deleting the addition made by the Ld. A.O. 8. We have heard the parties, perused the material on record and gave our thoughtful consideration. It is emerges from the material on record that, the assessee was maintaining books of accounts which being duly audited by expert, i.e. Chartered Accountant. The report of the chartered accountant has bee....