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TMI Blog2024 (10) TMI 745X X X X Extracts X X X X X X X X Extracts X X X X ..... dditional income towards salary from HSBC USA was offered in the revised computation during the course of assessment proceedings. A sum as already offered by the assessee in the original return of income. Hence, the lower authorities ought not to have taxed the very same sum again in the assessment. The action of the AO is without any basis and reflects complete non-application of mind. Assessee f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess Appeal Centre (NFAC), Delhi [hereinafter referred to as ld. NFAC , in short] in Appeal No. ITBA/NFAC/S/250/2022-23/1046001421(1) dated 27.09.2022 against the order of assessment passed u/s 143(3) r.w.s. 144 of the Income-tax Act, 1961 (hereinafter referred to as the Act ) dated 29.02.2016 by the Assessing Officer, DCIT, Circle-70(1), New Delhi (hereinafter referred to as ld. AO ). 2. Though th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 29,37,294/- in the original return and accordingly came forward to offer the differential sum of Rs. 8,14,961/- in the revised computation of income. The assessee claimed foreign tax credit of Rs. 4,03,420/- in respect of taxes paid in USA for the salary income which was allowed by the AO in the scrutiny assessment. The assessee made a further claim of foreign tax credit of Rs. 98,852/- in the rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds salary from HSBC USA was offered in the revised computation during the course of assessment proceedings. A sum of Rs. 29,37,294/- was already offered by the assessee in the original return of income. Hence, the lower authorities ought not to have taxed the very same sum of Rs. 29,37,294/- again in the assessment. In this regard, the action of the ld AO is without any basis and reflects complete ..... X X X X Extracts X X X X X X X X Extracts X X X X
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