GOPALKRISHNA NARLA RAO,MUMBAI vs. ITO WARD 16(2)(4), MUMBAI
In the result, appeal is allowed
ITA 6488/MUM/2025[2015-2016]Status: DisposedITAT Mumbai16 Mar 2026AY 2015-2016
Bench: Shri Saktijit Dey & Shri Jagadishgopalkrishna Narla Rao, Income Tax Officer, A/12/46 Sunder Nagar Kalina, Ward 16(2)(4), Vs. Santacruz East, Mumbai - 400020 Mumbai - 400098 (Appellant) : (Respondent) Pan No. Aabpr 1916R Appellant By : Shri M Subramnian Respondent By : Shri Swapnil Choudhari, Sr.- Dr (Appellant) (Respondent) Date Of Hearing : 22.01.2026 Date Of Pronouncement : 16 .03.2026
For Appellant: Shri M SubramnianFor Respondent: Shri Swapnil Choudhari, Sr.- DR
Section 142(1)Section 271(1)(c)Section 274
facts on record, the assessee, both, in the original return of income as also the revised computation claimed set off of brought forward speculation loss of Rs.18,50,997/-. Whereas, the Assessing Officer has allowed brought forward loss at a much higher figure of Rs.31,85,365/-. These facts clearly