2026 (3) TMI 454

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ORDER PER, DR. ARJUN LAL SAINI, A.M Captioned two appeals filed by the same assessee, pertaining to Assessment Year 2018-19, are directed against the separate orders passed under section 250 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") by the Commissioner of Income-tax (Appeals), dated 07.03.2024 & 12.12.2023, which in turn arise out of separate assessment orders pass....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d the prayer of the assessee for condonation of delay. A perusal of the reasons and sufficient cause explained by the ld. Counsel for the assessee, gives me an impression of existence of mitigating circumstances to enable me to exercise my discretion in favour of the assessee. Accordingly, the delay is condoned in filing the appeal. 4. In assessee's appeal in ITA No.855/Rjt/2024, the assessee h....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....firm has filed its return of income for AY 2018-19 on 28.09.2018 declaring total income at Rs. 3,33,444/-. Subsequently upon verification and comparison of return of income with that of tax audit report it was observed that as per clause 21(b) of the tax audit report there was disallowance of the interest paid of Rs. 1,71,051/- to India Bulls Housing Finance Ltd, for mortgage loan and upon verific....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d perused the fact of the case including the findings of the ld CIT(A) and other materials brought on record. In this case, as per the statement of facts, grounds of appeal and submissions by the assessee it is observed that an intimation u/s 143(1) was processed on 17.06.2019 by ADIT, CPC, Bengaluru, wherein disallowance of Rs. 2,10,706/- for transportation expenses u/s 43B of the Act was made, w....