2022 (12) TMI 569

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....suddin 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) has erred in law in deleting ground of appeal relat....

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....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 under consideration engaged in the business of providing banking se....

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...., 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 erred in deleting the addition of Rs. 13,90,612/- which was paid in Fi....

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.... 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 been furnished before the A.O. At the time of assessment proceedings, the As....