INDUCTOTHERM (INDIA) PRIVATE LTD.,AHMEDABAD vs. THE JT.CIT.,RANGE-4,, AHMEDABAD

In the result, the assessee’s appeal for the assessment year 2011-12 is also partly allowed in the terms indicated above

68,27,758, and that he did not set off the same against the long term capital loss brought forward to ITA Nos.3108/A/2010, 2609/A/2012, 671/A/2014, 243/A/2015 & 370/A/2016 AYs: 2006-07, 2008-09, 2009-10, 2010-11 & 2011-12 Page 6 of 31 the extent of Rs 11,66,067. The Assessing Officer was of the view that the assessee ought

M/S. BODAL CHEMICALS LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-1, AHMEDABAD

In the result, the appeals being IT(SS)A No

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,885 Total 4,25,93,802 4,83,37,429 2,82,74,504 Less: Business loss utilized in 69,41,861 - 6,4,1861 A.Y. 2005-06 Amount available for deduction 3,56,51,941 4,83,37,429 2,13,32,643 in A.Y. 2006-07 Lower of unabsorbed 3,56,51,941 depreciation on business loss