2025 (2) TMI 1781

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..... Sukesh Kumar Jain, CIT-DR ORDER PER SATBEER SINGH GODARA, JUDICIAL MEMBER: This assessee's appeal for Assessment Year 2015-16, arises against the CIT(A)-2, Agra's order dated 13.09.2018, in proceedings u/s 263 of the Income Tax Act, 1961 (in short "the Act"). 2. Heard both the parties at length. Case file perused. 3. It emerges during the course of hearing that the learned PCIT ha....

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....ncome from other sources could not be accepted in the assessee's favour. 4. Both the learned representative reiterate their respective stand against and in support of correctness of the impugned revision directions. We first of all not in this factual backdrop that the assessee has filed his paper book running into 114 pages wherein it emerges from a perusal of pages 43 to 49 that the tribunal ....

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....tress the point that the assessee had been wrongly allowed deduction of partnership remuneration and depreciation etc. in the course of assessment even after his estimation of net profits @ 8%. We are of the considered view that all these claims are statutory deductions than that those based on mere estimation which could not be denied in these peculiar facts and circumstances. We accordingly reve....