ORDER

PER MANJUNATHA, G. A.M.

This appeal filed by the Revenue is directed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi dated 26.07.2024 pertaining to A.Y. 2022-23. The Revenue has raised the following grounds :

“1. The Ld.CIT(A), NFAC erred in law and facts by holding purchase of day old chick from Sri Rajeshwara Hatcheries Pvt. Ltd. (SRHPL) as genuine transaction the authenticity of which was not proven by the assessee during assessment proceedings by way of submission of supporting bills and delivery challans.

2. The Ld.CIT(A), NFAC wrongly accepted the claims of assessee company regarding delivery of chicks by supplier to farmers directly, on behalf of the assessee without discussing expenses related to rearing of chicks and its accounting treatment in the books of accounts.”

2. The brief facts of the case are that the assessee is engaged in the business of production and sale of poultry feed. It is also involved in the integration of broiler birds and the sale of birds. The assessee company has filed its return of income for A.Y. 2022-23 on 31.10.2022, declaring loss of Rs.40,64,646/- under normal provisions of the Inc