This appeal by the assessee is preferred against the order of the Ld. CIT(A)-25, New Delhi dated 20.09.2017 pertaining to Assessment Year 2014-15.
The solitary grievance of the assessee is that the CIT(A) erred in upholding the disallowance of Rs. 2.55 lacs.
3. Briefly stated the facts of the case are that the appellant is a Limited Liability Partnership whose return was selected for scrutiny assessment under CASS and accordingly statutory notices was issued and served upon the assessee.
4. During the course of the scrutiny assessment proceedings the AO noticed that the assessee has received Rs. 1.17 crores as rent and has also shown income from fixed deposit Rs. 2,22,579/-. The AO further observed that the assessee has claimed a business loss of Rs. 2,55,125/-. The AO was of the opinion that since the assessee is not having any business there should not be any claim of business expenditure.
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