2025 (4) TMI 1878

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hah & Shri Jimi Patel, A.Rs. For the Respondent : Shri B. P. Srivastava, Sr. D.R. ORDER PER SUCHITRA KAMBLE, JUDICIAL MEMBER: The appeal filed by the assessee is against the order passed by the Ld. Commissioner of Income Tax (Appeals), (in short "Ld. CIT(A)"), National Faceless Appeal Centre (in short "NFAC"), Delhi on 21.04.2023 for A.Y. 2012-13. 2. The grounds of appeal raised by ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ransmission of distribution of electricity in the Gujarat State. The assessee is regularly assessed to tax for the Financial Year relevant to the Assessment Year 2012-13 the assessee voluntary filed return of income on 27.09.2012 declaring total income at Rs. 1,32,97,70,000/- under Section 115JB of the Income Tax Act, 1961. The return was processed and accepted under Section 143(1) of the Act. The....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mation vide its various loss. After detailed verification and examination of the same, the Assessing Officer passed the order giving effect to the order of the CIT(A) vide order dated 25.11.2016. However, while computing the book profits under Section 115JB of the Act, the AO has not given the proper effect to the CIT(A) directions as per the assessee in respect of disallowances under the head pri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ise additions. 6. The Ld. D.R. relied upon the assessment order and the order of the CIT(A) and also that of order of the assessment order dated 25.11.2016 which is passed in respect of order giving effect to the earlier order dated 21.09.2015 passed by the CIT(A). 7. We have heard both the parties and perused all the relevant materials available on record. The Ld. A.R. relied upon the order....