Appeal Details
Counselvise Citation
[2019] 112 COUNSELVISE.COM (IT) 0555 (ITAT-AMRITSAR)
Assessee PAN
Bench
Appeal Number
CRN Number
Duration Of Justice
28 day(s)
Appellant
Respondent
Appeal Type
Income Tax Appeal
Pronouncement Date
20-12-2019
Appeal Filed By
Assessee
Order Result
Allowed
Bench Allotted
DB
Assessment Year
2010-2011
Appeal Filed On
22-11-2019
Judgement Text
IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR BEFORE SH. N. K. CHOUDHRY, JUDICIAL MEMBER AND SH. O. P. MEENA ACCOUNTANT MEMBER I.T.A. NO. 700/ASR/2019 A SSESSMENT YEAR: 2010-11 SMT. SHASHI DOGRA, HOUSE NO. 131, SECTOR-5 TRIKUTA NAGAR, JAMMU [PAN: AGZPD 0747J] VS. INCOME TAX OFFICER WARD (1)(3)-JAMMU (APPELLANT) (RESPONDENT) APPELLANT BY : SH. P. N. ARORA (ADV .) RESPONDENT BY: SH. CHARAN DASS (D.R.) DATE OF HEARING: 20.12.2019 DATE OF PRONOUNCEMENT: 20.12.2019 ORDER PER O. P. MEENA, AM: THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAIN ST THE ORDER OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS), JAMMU DATED 0 9.08.2019 FOR THE ASSESSMENT YEAR 2010-11. 2. THE GROUND NO. 1 TO 4 RELATES TO NOT ALLOWING TH E UNABSORBED LOSSES OF THE EARLIER YEARS AT RS.3,36,000/- ON ACCOUNT OF DEPREC IATION WHICH IS ALLOWABLE AS AGAINST THE BUSINESS INCOME. 3. WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL AVAILABLE ON RECORD. WE ARE OF THE CONSIDERED OPINION THAT UNABS ORBED LOSSES IS BROUGHT FORWARDED FROM EARLIER YEARS ARE ALLOWED TO SET OFF AGAINST THE BUSINESS INCOME OF ITA NO. 700/ASR/2019 (AY 2010-11) SMT. SHASHI DOGRA V.ITO 2 THE CURRENT YEAR. THEREFORE THIS ISSUE IS SET ASIDE TO THE FILE OF THE AO WITH A DIRECTION TO ALLOW THE SAME AFTER VERIFICATION IN A CCORDANCE WITH LAW. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS TRE ATED AS ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT ON DECEMBER 20, 2019 SD/- SD/- (N. K. CHOUDHRY) (O. P. MEENA) JUDICIAL MEMBER ACCOUNTANT MEMBER DATE: 20.12.2019 /GP/SR. PS. COPY OF THE ORDER FORWARDED TO: (1) THE APPELLANT: (2) THE RESPONDENT: (3) THE CIT(APPEALS), (4) THE CIT CONCERNED (5) THE SR. DR, I.T.A.T. TRUE COPY BY ORDER
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