2025 (6) TMI 311

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....ct, 1961 (hereinafter referred to as the "Act"), for Assessment Year 2017-18. 2. Grounds taken by the Assessee are reproduced as under: "1) On the facts and circumstances of the case and in law, the authorities below had erred in disallowing/confirming the addition/disallowance of a sum of Rs. 2,92,522/- which were allowances exempt u/s 10 of the IT Act and the reasons assigned by the lower authorities were wholly wrong, inconsistent with the facts of the case and against the provisions of Income Tax Act, 1961 and rules made thereunder. 2) On the facts and circumstances of the case and in law, the authorities below have erred in levying the interest u/s 234A/234/B and 234C of the Income Tax which was wholly wrong, and a....

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....0,157/- which is also reflected in Form 26AS. Assessee also referred to Part B of Form No.16 issued by the employer to demonstrate that employer had paid salary of Rs. 22,84,750/- and perquisites of Rs. 5,407/-, totalling to Rs. 22,90,157/-. Against this, employer gave an allowance of Rs. 1,200 towards child education and of Rs. 2,81,729/- towards house rent, both u/s. 10 of the Act. A further, deduction was granted of Rs. 2,500 towards tax on employer (Professional tax) after which income chargeable under the head salaries was reported by the employer as Rs. 20,04,728/- on which required tax deduction at source was done. 3.2. According to the assessee, since the employer has already accepted the claim of exemption made u/s. 10 of the Ac....