2023 (12) TMI 58

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..... . Shivshankar ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 29-07-2022 passed by the National Faceless Appeal Centre, Delhi ("NFAC") for assessment year 2018-19. 2. The assessee raised four grounds of appeal amongst which the only issue is to be decided is as to whether the CIT(A), NFAC, Delhi justified in confirming the addition made by the AO u/s. .....

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..... the dividend income of Rs. 74,52,725/-, but however, the AO did not satisfy with the said submissions as made by the assessee to consider those investments which yielded exempt income for the purpose of computing disallowance of expenditure. The assessee reiterated the same submissions before the CIT(A), but however, CIT(A) confirmed the order of AO. Before us, the ld. AR drew our attention to the .....

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