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Income Tax Appellate Tribunal, DELHI BENCH ‘A’, NEW DELHI
Before: SH. N. K. BILLAIYA & MS. ASTHA CHANDRA
ORDER PER N.K. BILLAIYA, AM:
This appeal by the revenue is preferred against the order of the CIT(A)-29, New Delhi dated 08.01.2019 for A.Y.2016-17.
The solitary grievance of the revenue is that the CIT(A) erred in deleting the protective addition of Rs.20956660/-made by the AO on account of undisclosed interest income.
At the very outset the counsel for the assessee stated that the impugned issue has been decided by this Tribunal in favour of the assessee and against the revenue in A.Y.2014-15.
The DR fairly conceded to this and could not bring any distinguishing decision in favour of the revenue.
We have carefully perused the orders of the authorities below. We find force in the contention of the Counsel. An identical issue was considered by this Tribunal in order dated 22.10.2020. The relevant findings read as under :-
Respectfully following the decision of the coordinate Bench this appeal by the revenue is dismissed.
Decision announced in the open court on 29.08.2022.