2023 (2) TMI 352

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....RIPOTE, AM: This appeal filed by the Assessee is directed against the order of ld.Commissioner of Income Tax(Appeal)[NFAC], Delhi dated 10.11.2022 for A.Y.2020-21 emanating from the order of Assessing Officer passed under section 154 dated 22.04.2022 passed by ADIT(CPC). The grounds of appeal raised by the assessee are as under : "1. The learned CIT(A) erred on facts in law in not rectifying th....

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....d amount of income considered under heads "Business & Profession" by Rs.96,850/- to Rs.1,18,132/-. CPC has not given any reason in the order. Aggrieved by the order of the CPC, the assessee filed appeal before the ld.CIT(A). However, the ld.CIT(A) has not adjudicated the issue and merely mentioned that it is outside the purview of the section 154. The ld.AR submitted that all the facts and figures....

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....d both the parties and perused the records. Assessee has shown calculation of long term capital gain in the Return of Income as under : 5. Thus, assessee has shown proper calculation of capital gains and claimed 54EC deduction, however, ADIT(CPC) has made adjustment under section 143(1) against which assessee filed rectification Application under section 154 of the Act. CPC passed rectification o....