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Income Tax Appellate Tribunal, “SMC” BENCH KOLKATA
Before: Shri Sanjay Garg & Shri Girish Agrawal
order : November 29, 2023 आदेश / ORDER संजय गग�, �या�यकसद�य�वारा/ Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the revenue against the order dated 10.03.2023 of the National Faceless Appeal Centre [hereinafter referred to as ‘CIT(A)’] passed u/s 250 of the Income Tax Act (hereinafter referred to as the ‘Act’).
The only issue raised in this appeal by the Department is whether the assessee is entitled to the claim of loss of the amalgamated company.
The Assessing Officer rejected the claimed on the ground that after amalgamation the assessee was supposed to file a revised return claiming the said losses of the amalgamated company.