Rajendra Shantaram Renose v/s Income Tax Officer

Parties Involved

Facts Summary

The present appeal has been filed by the assessee challenging the impugned order dated 12/03/2022 passed under section 250 of the Income Tax Act, 1961 by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which in turn arose from the intimation issued under section 143(1), for the assessment year 2019-20. The assessee has raised the following grounds: 1. The Order of the Ld. CIT (A) has failed to delete addition doubly made by the Central Processing Centre. The Central Processing Centre has added twice the same income while processing the Return of Income of the Appellant. The Order of the Ld. CIT(A) is erroneous and fit to be cancelled. 2. The Appellant disclosed income of Rs.10,61,501/- as income from Business and Profession against total turnover of Rs.1,27,18,289/ - which is much more than 6% of prescribed limit u/s 44AD of the Income Tax Act. All transactions were made through Bank, hence Income to be declared @ 6% of the total turnover were acceptable. 3. The CPC erred in processing of Return filed by the Appellant and subsequently the Ld. CIT(A) also erred in not deleting the addition to the Appellant's income causing unnecessary tax burden on the Appellant. The order of the Ld. CIT(A) may kindly be cancelled and the CPC may kindly be directed to rectify the mistake accordingly. 4. The Appellant is not at fault and has disclosed income from Business and Profession accurately and honestly and as per provisions of Section 44AD of th…

Legal Issues

• 1. The Order of the Ld. CIT (A) has failed to delete addition doubly made by the Central Processing Centre.
• 2. The Appellant disclosed income of Rs.10,61,501/- as income from Business and Profession against total turnover of Rs.1,27,18,289/ -

Judgment Outcome

Decided in favour of Assessee.

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