2024 (6) TMI 942

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..... cation seeking the very deduction u/sec. 80P - A perusal of the AO's detailed discussion in his sec. 154 rectification reveals that he recomputed the very disallowance on netting basis as reduced by the proportionate expenses - HELD THAT:- We have given our thoughtful consideration to the vehement rival stands against and in support of the impugned disallowance(s). Suffice to say, we see no re .....

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..... i Satbeer Singh Godara, Judicial Member For the Assessee : Shri Saideep B Gadadi For the Revenue : Shri N. Shrikanth ORDER PER SATBEER SINGH GODARA, J.M. : These assessee s twin appeals for assessment years 2020-2021 2021-2022, arise against the National Faceless Appeal Centre [in short the NFAC ] Delhi s as many Din and Order Nos. ITBA/NFAC/S/250/2023-24/1060542773(1); and 1059424696(1) dated 06. .....

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..... ate expenses of Rs. 1,40,92,425/-; coming to Rs. 37,16,384/- only. The NFAC has admittedly confirmed the same in it s impugned lower appellate discussion. This leaves the assessee aggrieved. 3. We have given our thoughtful consideration to the vehement rival stands against and in support of the impugned disallowance(s). Suffice to say, we see no reason to interfere with the learned lower authoriti .....

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