2025 (3) TMI 2257

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.... ORDER The appeal is filed by the assessee against the order of the Addl /JCIT (A)-13 Mumbai passed U/sec 143(1) and u/sec 250 of the Act. The assessee has raised the grounds of appeal challenging the order of the CIT(A) partially sustaining the addition made by the Assessing Officer. 2. The brief facts of the case are that, the assessee company is engaged in the business of mining, machine....

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....as filed an appeal before the Hon'ble Tribunal. 4. At the time of hearing, the Ld. AR of the assessee submitted that the CIT(A) has erred in confirming the action of the Assessing officer overlooking the evidences and information filed in the proceedings. And the assessment was completed u/s 143(1) of the Act treating the profit on redemption of debentures under the income from other sources as....

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.... offered as short term capital gains by the assessee. The contentions of the Ld.AR are that the same income is taxed under income from capital gains and also the assesseing officer has reduced the amount under the business income and subjected it to tax under Income from other sources. We find the return of income was processed under 143(1) of the Act and the Ld.AR has demonstrated the calculation....