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Income Tax Appellate Tribunal, AMRITSAR BENCH, AMRITSAR
Before: SH. N. K. CHOUDHRY & SH. O. P. MEENA
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 Assessment Year: 2010-11
Smt. Shashi Dogra, vs. Income Tax Officer House No. 131, Sector-5 Ward (1)(3)-Jammu Trikuta Nagar, Jammu [PAN: AGZPD 0747J] (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 against the order of learned Commissioner of Income Tax (Appeals), Jammu dated 09.08.2019 for the Assessment Year 2010-11.
The ground no. 1 to 4 relates to not allowing the unabsorbed losses of the earlier years at Rs.3,36,000/- on account of depreciation which is allowable as against the business income.
We have heard the rival submissions and perused the material available on record. We are of the considered opinion that unabsorbed losses is brought forwarded from earlier years are allowed to set off against the business income of
2 ITA No. 700/Asr/2019 (AY 2010-11) Smt. Shashi Dogra v.ITO 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 accordance with law.
In the result, the appeal of the assessee is treated 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