Den FK Cable TV Network Private Limited, Delhi V. ACIT, Circle-7(1), Delhi

ITA 971/DEL/2023

• Counselvise Citation: [2023] 102 COUNSELVISE.COM (IT) 0545 (ITAT-DELHI)
• Duration Of Justice: 7 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-11-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 30-08-2023
• Assessment Year: 2018-2019
• Appeal Filed On: 02-04-2023
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Assessee Lawyers: SAHIL CHAWLA
• Section: 37(1)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘B’, NEW DELHI Before Dr. B. R. R. Kumar, Accountant Member Ms. Astha Chandra, Judicial member ITA No. 971/Del/2023 : Asstt. Year: 2018-19 Den FK Cable TV Network P Ltd., A-11, Second Floor, Left Side, Rajouri Garden, Delhi 110027 Vs The NFAC Delhi (APPELLANT) (RESPONDENT) PAN No. AACCD 8345 A Assessee by : Sh. Sahil Chawla, CA Revenue by : Sh. Vivek Kumar Upadhyay, Sr. DR Date of Hearing: 31.08.2023 Date of Pronouncement: 17.11.2023 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. 2. 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. ITA No. 834/Del/2023 G.T.S Exports P Ptd. 2 3. In the result, the appeal of the assessee is allowed. Order Pronounced in the Open Court on 17/11/2023. Sd/- Sd/- (Astha Chandra) (Dr. B. R. R. Kumar) Judicial Member Accountant Member Dated: 17/11/2023 *NV, Sr. PS* Copy forwarded to: 1. Appellant 2. Respondent 3. CIT 4. CIT(Appeals) 5. DR: ITAT ASSISTANT REGISTRAR ITAT, DELHI