2023 (3) TMI 1306

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....order passed under section 143(3) by the learned AO is against the law and direction/instruction of the ld. Hon'ble Board and therefore the order passed by the learned AO is required to be quashed and accordingly the learned AO be direct to quash the assessment order and if not agreeable, direct the learned AO to accept the return of income. 2. That the learned National Faceless Appeal Centre, has erred in law and facts by confirming the disallowance of Business Loss of Rs.14,51,031/- claimed by the appellant and therefore the learned AO should be directed to allow the said business loss claimed. 3. That the learned National Faceless Appeal Centre, has erred in law and facts by not allowing set off and carried forward of B....

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....14,51,031/- which was claimed by the assessee on account of loss from business or profession. 4. Being aggrieved by the assessment order the assessee filed appeal before the CIT(A). The CIT(A) partly allowed the appeal of the assessee. 5. The Ld. A.R. submitted that the required documentation related to business loan was available before the Assessing Officer and before the CIT(A). The same issue on the identical facts in assessee's own case has been decided by the Tribunal and the said expenses were allowed as business expenses (ITA No. 1509/Ahd/2014 A.Y. 2010-11 order dated 24.04.2019). Therefore, the Ld. A.R. submitted that disallowance of business expenses is bad in law and therefore, the AO should be directed to allow the same by....