2025 (4) TMI 2068

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.... ORDER PER BENCH : The captioned appeal by the revenue is against the order of the Ld. Commissioner of Income Tax (Appeal), Addl/JCIT(A)-7, Mumbai [hereinafter referred to as "the Ld. CIT(A)"] vide order no. ITBA/NFAC/S/250/2024-25/1070089764(1) dated 04.11.2024 passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") for AY 2022-23. 2. Shri S. K. Sarangi, CA re....

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....g Officer to recompute the income of the assessee by allowing the expenditure that the same is revenue in nature. It was the submission that the Ld. CIT(A) directed the Assessing Officer to compute the income of the assessee as a business income. It was the submission that the Ld. CIT(A) erred in giving direction in so far as the appeal was against an issue u/s. 143(1). 4. The Ld. CIT, DR submi....