2025 (6) TMI 1912

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sri.Arun Raj S, Advocate For The Respondent : Sri.Sundarasan, CIT-DR ORDER PER PRAKASH CHAND YADAV, JM : The present appeal of the assessee is arising from the order of the learned Commissioner of Income-tax (Exemption) ["CIT(E)" for short] dated 25.03.2022 and relates to the assessment year 2017-2018. 2. There is a delay of 251 days in the present appeal. For the reasons mentioned....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....that the AO has erred in treating the repayment of loan as application of income and accordingly set aside the order of the AO u/s.263 of the Act vide order dated 25th March, 2022. 5. Aggrieved with the order of the CIT(E) passed u/s.263 of the Act, the assessee has come up in appeal before us and argued that there is no error in the order of the AO and hence the CIT(E) was not correct in holdi....