2025 (9) TMI 945

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....assed under section 143(1) of the Income Tax Act, 1961 (in short 'Act') dated 10.05.2020. 2. Brief facts of the case are that, assessee filed its return of income on 30.08.2019 admitting a NIL Income. The return was summarily processed under section 143(1) of the Act on 10.05.2020 by determining the total income at Rs. 55,20,550/-. The CPC, Bangalore has made an addition of Rs. 55,20,550/- on account of incorrect claim in the return of income. 3. On being aggrieved by the intimation, assessee filed an appeal before Ld.CIT(A). Assessee claimed that it is running a nursery and agricultural farm and hence the gross receipts are to be considered as arising from the agricultural operations and accordingly the gross profit from the agricult....

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....nces, the Ld. CIT(A) NFAC should not have summarily upheld the addition. 3. The Ld. CIT(A), while dismissing the case, relied on the provisions of Section 143(1) of the IT Act, thereby upholding powers equivalent to that of the AO, he should have considered the issue on its merits rather than focusing on technicalities. 4. For these and other reasons that may be urged at the time of hearing, the appellant prays that the orders passed u/s 250 of the Income Tax Act be set aside and the additions made by the Assessing Officer be deleted." 5. The only issue arising out of the grounds is with respect to addition made by the CPC, Bangalore amounting to Rs. 55,20,550/-. 6. Ld. Authorised Representative [hereinafter "Ld.AR"]....