2025 (7) TMI 1691

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....ri Utkarsh Mittal, Adv. For the Respondent : Shri S.K.Jadhav, CIT DR ORDER PER MANISH AGARWAL, AM : The present appeal is filed by the assessee against the assessment order dated 29.07.2024 passed by AO u/s 143(3) r.w.s. 144C(13) r.w.s. 144B of the Income Tax Act, 1961 ["the Act"] giving effect to the directions of Ld.DRP in its order dated 25.06.2024 pertaining to assessment year 2020....

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....ation order passed u/s 143(1) was rectified and finally, in the rectification order passed u/s 154 of the Act dated 30.01.2024, the total income of the assessee stood computed at INR 53,16,66,580/-. Therefore, the amount taken at INR 58,29,98,519/- as per section 143(1) deserves to be amended. He prayed accordingly. 7. On the other hand, ld.CIT DR for the Revenue submits that it is a factual as....

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....d INR 94,88,237/- u/s 43B of the Act towards provision of leave encashment. 10. Before us, Ld.AR for the assessee submits that during the year, the assessee has paid total amount of leave encashment of INR 1,43,65,258/- which has been reported in Item No.26(i)(A)(a) of the Tax Audit Report available at page 123 of the Paper Book filed by the assessee. Ld.AR further submits that out of the said ....

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.... 12. Heard the contentions of both the parties and perused the material available on record. From the perusal of the Tax Audit Report filed by the assessee and the rectification order u/s 154 dated 30.01.2024 available before us, it is seen that in the rectification order, a sum of INR 94,88,237/- is disallowed u/s 43B of the Act by the CPC however, as per Tax Audit Report, the assessee has paid....