Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

14 and such incomes are not eligible for set off of brought forward business loss and unabsorbed depreciation. On the basis of this judgment unexplained cash credit of Rs.186,00,000/- is not eligible for set off of business loss of Rs.1,76,24,221/-. 3. On appeal, the CIT(A) observed that the Assessing Officer has not applied