2025 (7) TMI 1118

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....pta, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.5103/Del/2024 for AY 2020-21, arises out of the National Faceless Appeal Centre (NFAC), Mumbai [hereinafter referred to as 'ld. NFAC', in short] in Appeal No. ITBA/APL/S/250/2024-25/1068380330(1) dated 05.09.2024 against the order of assessment passed u/s 143(1) of the Income-tax Act, 1961 (hereinafter referred to as 'the....

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....ted financial statements for year ended 31.03.2020 relevant to AY 2020-21 which were electronically uploaded on 15.01.2021. The assessee filed the audit report in Form No. 10CCB of the Act for claiming deduction 80IC of the Act on 13.02.2021, i.e. the date of filing of income tax return. The return was duly processed u/s 143(1) of the Act on 12.10.2021 by the ld CPC determining the total income of....

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....30.05.2024 by the assessee. The appeal was dismissed vide order dated 26.06.2024 on the grounds that the issue requires long drawn process of reasoning which cannot be subject matter of rectification proceedings u/s 154 of the Act. 4. Thereafter, the assessee preferred an appeal before the ld CIT(A) on 14.8.2024 against the intimation dated 12.10.2021 u/s 143(1) of the Act along with condonatio....