2026 (2) TMI 939

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....RDER The present appeal filed by the assessee arises from order dated 27.11.2025 passed u/s 250 of the Income Tax Act, 1961 (hereafter referred to "the Act") by the Ld. Additional/Joint Commissioner of Income Tax (Appeals) -2, Chennai [hereafter referred to "the Ld. Addl./JCIT(A)]. 2. The only issue raised by the assessee is against the Ld.CIT(A) confirming the disallowance as made by the AO....

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....y the assessee and despite placing all the details on record before CIT(A) did not consider the plea of the assessee and dismissed the appeal of the assessee. After examining the documents placed before us, we find that on the basis of average investment which yielded exempt income during the year, the disallowance comes to Rs. 11,00,748/-. After allowing suo motto deduction in respect of the disa....