2023 (12) TMI 274

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....ahajan, Sr.DR ORDER PER PAVAN KUMAR GADALE JM: The assessee has filed the appeal against the order of the National Faceless Appeal Centre (NFAC), Delhi /CIT (A) passed u/sec 154 and 250 of the Act. The assessee has raised the following grounds of appeal: 1. The Ld. CIT (A) erred in confirming CPC action of enhancing Income from House Property of Rs. 18,32,000/- under the head PGB....

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....a total income of Rs. 36,84,300/- and the return of income was processed u/s 143(1) of the Act dated 08.07.2022 with addition under income from business and profession of Rs. 42.53.710/- and the total income was determined at Rs. 79,36,013/-. Subsequently the assessee has filed the rectification petition on 02.08.2022 against the order u/s 143(1) of the Act. Whereas the AO has sustained the additi....

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.... and taxed twice. Further the CIT(A) has erred in not considering the accounting policy/system fallowed by the assessee, in computing the total income, were the assessee has disclosed Income from House Property separately and claimed deduction U/sec24 of the Act. Further it was accepted by the revenue in the earlier years and such adjustments in the order is a debatable issue. The Ld.AR substantia....

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....U/sec 24 of the Act at Rs. 12,82,400/- and similarly income from business & Profession of Rs. 11.04,319/- and Income from other sources of Rs. 14,82,581/- and Gross total income was aggregated to Rs. 38,69,300/- and after claiming the deduction Under Chapter VIA of Rs 1, 85,000/- the taxable Total income is Rs. 36,84,300/- Further, as per order U/sec143(1) of the Act the total income provided/ off....