2024 (10) TMI 526

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....t : Shri. H. Yeshwanth Kumar, CA For the Respondent : Dr. Samuel Pitta, JCIT ORDER PER S. R. RAGHUNATHA, ACCOUNTANT MEMBER: This appeal by the assessee is filed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, for the assessment year 2018-19, vide order dated 10.05.2024. 2. At the outset, the Ld. Counsel for the assessee s....

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....firmed. 4. We have heard the rival contentions and gone through the facts and circumstances of the case. We noted that assessee is a firm filed its return of income for the ay 2018-19 by declaring an income of Rs. 18,52,730/-. Subsequently, the case was selected for complete scrutiny assessment under CASS and concluded the assessment by making a disallowance of expenditure under 12 heads of exp....