2025 (11) TMI 1509

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....The present appeal is directed at the instance of assessee against the order of Id. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 11.02.2025 passed for Assessment Year 2018-2019. 2. Facts in brief are that the appellant-assessee is a Private Limited Company, which filed its return of income on 09.10.2018 declaring total income of Rs. 39,89,130/-. The ....

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.... P&L Account, the assessee ha claimed Rs. 4,54,966/- as bonus paid to the employees and as per 3CA report, amount of Rs. 3,08,839/- as bonus paid to the employees. Therefore, the ld. Assessing Officer made the addition of Rs. 4,54,966/-. Finally, ld. Assessing Officer determined the total assessed income of the assessee at Rs. 44,44,096/-. 3. On being aggrieved, the assessee preferred an appeal....

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.... in lieu of dividend or profits. (2) That the ld. CIT(A) has erred both on facts and in law in sustaining the action of the Assessing Officer in mistakenly concluded that the deduction claimed does revoke section 36(1)(ii) of the Act considering the 3CA report has been wrongfully mentioned as Rs. 3,08,839/- as bonus paid to the employees without considering the facts that the bons payment....

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....addition of Rs. 4,54,966/- with returned income of the assessee. Therefore, ld. Counsel for the assessee pleaded before the Bench that the addition made by the ld. Assessing Officer on the basis of wrongful reporting in Form 3CD to be deleted on the merit of the case. 6. On the other hand, ld. Departmental Representative pleaded to confirm the order of ld. CIT(Appeals). 7. I have heard both ....