In the result, the appeal filed by the revenue is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
bogus losses to be set off with the amount of surrendered income when it is a clear cut fact that accounts of the assessee were not maintained properly? 4. Whether in the facts and circumstances of the case, the Ld. CIT(A) has erred in law by not appreciating that the assessee had incurred losses in the relevant year only