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Income Tax Appellate Tribunal, DELHI BENCH ‘B’, NEW DELHI
Before: Dr. B. R. R. KumarMs. Astha Chandra
ORDER Per Dr. B. R. R. Kumar:- The present appeal has been filed by assessee against the order of Ld. NFAC/CIT(A), Delhi dated 03.02.2023.
It was submitted before us that an amount of Rs. 260,000/- was disallowed by the Assessing Officer u/s. 37(1) of the Act on the basis of disclosure in the Tax Audit Report even though the same was suo moto disallowed by the appellant u/s. 40(a) of the Act and specifically disclosed the return of income and computation of income. The facts are not in dispute and hence, the appeal of the assessee is hereby allowed.
In the result, the appeal of the assessee is allowed. Order Pronounced in the Open Court on 17/11/2023.