ARUNACHAL PRADESH STATE CO OPERATIVE APEX BANK LIMITED,NAHARLAGUN vs. ACIT / DCIT CIRCLE 1, GUWAHATI, GUWAHATI
Facts
The assessee preferred appeals against the orders of the National Faceless Appeal Centre confirming additions made by the Assessing Officer. The additions were made by rejecting the assessee's claim of brought forward losses.
Held
The Tribunal noted that the chart with net taxable income was not before the lower authorities. Therefore, in the interest of justice, the appeals were restored to the Assessing Officer for re-adjudication.
Key Issues
Whether brought forward losses can be claimed if returns for earlier years were not filed. Whether the case needs to be re-adjudicated due to non-availability of crucial information before the lower authorities.
Sections Cited
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, ‘GAUHATI BENCH’, GUWAHATI
Before: SHRI DUVVURU RL REDDY & SHRI RAJESH KUMAR
IN THE INCOME TAX APPELLATE TRIBUNAL ‘GAUHATI BENCH’, GUWAHATI BEFORE SHRI DUVVURU RL REDDY, VICE PRESIDENT AND SHRI RAJESH KUMAR, ACCOUNTANT MEMBER ITA Nos.319, 351, 357, 369 to 371/GTY/2025 (Assessment Years: 2009-10 to 2014-15) Arunachal Pradesh State Co- DCIT/ACIT operative Apex Bank Limited, Circle-1, Sector-D,Naharlagun,Papumpare, Aayakar Bhawan, Christian Vs. Papumpare,PIN-791110, Basti, G.S. Road, Arunachal Pradesh. Guwahati-781005, Assam (Appellant) (Respondent) PAN No. AABTA2070M Assessee by : Shri Gaurav Chandak, FCA Revenue by : Shri Santosh Kumar Karnani, Addl.CIT Date of hearing: 09.03.2026 Date of pronouncement: 13/03/2026 O R D E R PER: BENCH
These are the appeals preferred by the assessee against the orders of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the “Ld. CIT(A)”] dated 08.08.2025, 04.09.2025, 17.09.2025, 18.09.2025 for the AYs2009-10 to 2014-15 respectively. Since these appeals relating to same assessee and are involving common issues, therefore, these are being disposed off by this consolidated order for the sake of brevity and convenience. We would first take up the appeal ITA No. 319/GTY/2025 for the A.Y. 2009-10.
At the outset of hearing, the ld. counsel of the assessee submitted before us a chart containing the net taxable income of various assessment years right from A.Y. 2006-07 to A.Y. 2014-15 which is extracted below:
We note that the assessee has not filed its return of income for the earlier assessment years and claimed brought forward losses against the current
However, necessary adjustments which are required to be made in order to ascertain the correct income have to be allowed to the assessee. Since, this chart as extracted above was not before the Assessing Officer as well as the ld. CIT(A) during the course of the proceedings before them, therefore, in the interests of justice, we are inclined to restore these appeals back to the file of the Assessing Officer for re-adjudication with a direction that real income of the assessee may be ascertained and accordingly the correct income may be brought to tax.
In the result, this appeals of the assessee are allowed for statistical purposes only.
Now we take up ITA No. 351, 357, 369, 370 and 371/GTY/2025 for the A.Y. 2010-11 to 2014-15. Since the issues raised in these appeals are substantially similar as decided by us in ITA No. 319/GTY/2025 for the A.Y. 2009-10. Therefore, our decision in ITA No. 319/GTY/2025 would mutatis mutandis apply to these appeals as well. Consequently, the issues involved in all these appeals are also restored to the file of Assessing
In the result, all these appeals of the assessee are allowed for statistical purposes only.
Order pronounced in the open court on 13/03/2026.
Sd/- Sd/- (DUVVURU RL REDDY) (RAJESH KUMAR) VICE PRESIDENT ACCOUNTANT MEMBER Guwahati, Dated:13/03/2026 *Ranjan Copy to: 1. Assessee 2. Revenue 3. CIT(A) 4. CIT 5. DR 6. Guard File By Order
Assistant Registrar, ITAT, Guwahati
