2026 (6) TMI 662

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....kraborthy, Addl. CIT- Sr. DR ORDER PER RAJESH KUMAR, ACCOUNTANT MEMBER: The present appeals have been preferred by the assessee against the separate orders of the ADDL/JCIT(A) THANE (hereinafter referred to as the "Ld. CIT(A)"] dated 25.11.2025 & 26.11.2025 passed u/s 250 of the Income Tax Act (hereinafter referred to as the 'Act') for the A.Ys 2020- 21& 2021-22 respectively. Since the is....

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....g the amount of Rs. 9,41,558/- being bank guarantee by Bank of Baroda as contingent liability. While processing the return of income, the AO CPC Bangaluru, added the said amount to the income of the assessee though it was not claimed as expense in the profit and loss account. The ld. CIT(A) confirmed the same. Consequently we set aside the order of ld. CIT(A) and direct the AO to delete the disall....

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....oyees' contribution to provident fund. 6. In the result, the appeal of the assessee is allowed. ITA No. 251/Kol/2026: 7. The issues raised in this appeal are identical to ones as decided by us in ITA No. 250/Kol/2026(supra). Therefore our decision in ITA No. 250/Kol/2026 would, mutatis mutandis, apply to this as well. Consequently the appeal is allowed by directing the AO to delete the ad....

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....¤¿à¤§à¤¿ भवन, 14-भीकाजी कामा प्लेस, नई दिल्ली-110 066. Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi - 110 066. Date: 15.04.2020 No.C-I/Misc./2019-20/Vol.II./Part./9 To, All Addl. CPFCs in charge of Zones All RPFCs in charge of Re....