In the result, all the three appeals filed by the assessee are partly allowed
Bench: Dr. Brr Kumar & Ms. Suchitra Kambleita Nos. 80, 81 & 244/Ahd/2022 (Assessment Years 2017-18, 2018-19 & 2019-20)
801B(9) without set off of brought forward loss since those losses are already absorbed against the profits of company in earlier years, it is submitted that it be so held now. 2.4 The learned AO, without enquiring appellant to furnish any details in assessment proceedings, erred in stating that the commencement of commercial production for each well