2023 (9) TMI 751

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.... For the Respondent : Shri Ashok Kumar Suthar, Sr. D.R. ORDER PER SIDDHARTHA NAUTIYAL - JUDICIAL MEMBER: This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax(Appeals), (in short "Ld. CIT(A)"), National Faceless Appeal Centre, (in short "NFAC"), Delhi in Order No. ITBA/NFAC/S/250/2022-23/1049433205(1) vide order dated 06.02.2023 passed for Ass....

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....ome of Rs. 3,26,150/-. It is already disclosed in books of accounts. It is, therefore, prayed that the addition of Rs. 3,26,150/- upheld by the NFAC CIT(A) may kindly be deleted. " 3. The brief facts of the case are that the assessee is engaged in the business of Milk Procurement, Milk Processing and sale of Milk etc. The assessee filed its return of income for A.Y. 2017-18 declaring total inco....

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....g Officer took into consideration only one general ledger (interest received - other bank), however, the Assessing Officer failed to consider interest income which has been booked by the assessee in the other ledgers relating to interest income maintained by the assessee. However, the said application was rejected by the Assessing Officer vide order dated 11.02.2020. Being aggrieved, the assessee ....

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.... also been booked in the General Ledger in Interest Income - Others. Copy of the ledger was also submitted before the Assessing Officer for his perusal. It was submitted that if the interest income is added to the income of the assessee, it would clearly amount to double taxation. Further, our attention was drawn to Page 13 of the Paper Book i.e. ledger account maintained by the assessee from whic....