2023 (4) TMI 1109

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....PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by the assessee is directed against the order of National Faceless Appeal Centre (NFAC), Delhi/ learned Commissioner of Income Tax (Appeals) (in short, the ld. CIT(A)) dated 26/10/2022 for the Assessment Year (AY) 2019-20. Though, the assessee has raised multiple grounds of appeal which is like a narration of facts, however, on perusal of grounds of ap....

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....tion under Section 154 of the Act on 09/06/2020 and again on 07/07/2020 for seeking rectification of order/ intimation dated 01/05/2020. The rectification sought in application under Section 154 was not allowed by the CPC vide their intimation dated 17/08/2020. In the rectification, the assessee claimed deduction of Rs. 7,18,939/- under Section 80(P)(2)(a)(iv) and deduction of Rs. 96,371/- under S....

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....ng part of original intimation dated 24/06/2020 and not independently. Further aggrieved, the assessee has filed the present appeal before this Tribunal. 4. I have heard the submissions of the learned Authorised Representative (ld. AR) of the assessee and the learned Senior Departmental Representative (ld. Sr. DR) for the revenue. The ld. AR of the assessee submits that the assessee is a cooperat....

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....ing Officer with specific direction to examine the claim of assessee. 6. I have considered the submissions of both the parties and perused the orders of the lower authorities carefully. I find that in the computation of income the assessee has claimed interest and dividend income of Rs. 96,371/- earned from other cooperative societies. This component of income is allowable for deduction under sec....