2026 (6) TMI 476

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.... (through virtual) ORDER The captioned appeal at the instance of assessee pertaining to A.Y. 2017-18 is directed against the order dated 30.12.2025 framed by Addl/JCIT(A)-3, Chennai (NFAC) arising out of Intimation Order dated 09.05.2024 passed u/s. 143(1) of the Income Tax Act, 1961 (in short 'the Act'). 2. The only effective issue for my consideration is that the ld. CIT(A) erred in uph....

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....ective heads is already offered to tax. But due to mistake in filling columns of the income tax return has given rise to the impugned addition. I note that the assessee has furnished detailed submissions which reads as follows: "1. It is most humbly submitted that the ld. AO has carried out a rectification under sec.154 whereby business and profession income was increased by Rs. 7,10,020/....

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....e ITR. Further, the appellant has deducted salary of Rs. 56,392/- and other source to the tune of Rs. 6,71,331/- and thus the balance comes to Rs. 1,58,830/-. The break-up of Rs. 6,71,331/- comes as follows:- S. No. Particulars Amount 1 Dividend 23,750/- 2 Rent 4,64,378/- 3 Interest from Capital in Firm 1,83,203/-   Total 6,71,331/- 5. Fur....

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....hown under Schedule HP: Details of Income from House Property at page 19 of ITR. 4 Interest Income 2860 Shown under 3 Part CA and D-Deduction in respect of other incomes/other deduction at page 40 of ITR. 5 Depreciation 41332 Duly shown at page 26 of ITR. 8. Therefore, where the appellant has truly and fairly disclosed his incomes in the ITR, there increasing the b....