2025 (3) TMI 2295

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....hrivastava - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2017-18 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 08-01- 2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 144 of the Act on 06-11-2019. The sol....

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....efore us. 3. From assessee's paper-book as placed on record, it could be seen that the assessee has computed presumptive business income u/s 44AD @8% and arrived at profit of Rs. 2.14 Lacs. The other income is reflected at Rs. 0.76 Lacs. The assessee has claimed deduction under Chapter VIA which reduces its income below taxable limit. The copies of financial statements are also on record. Perti....