THE ACIT, CIRCLE-1(1), ERNAKULAM, ERNAKULAM vs. SRI.MATHAI XAVIER, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

gain has to be determined accordingly." Accordingly, the assessing officer determined the total income of the assessee as under: I. Business loss as claimed (-) 22,92,232 Less: 1. Retrenchment compensation Disallowed 8,85,489 2. Donation disallowed 3,200 8,88,689 Business Loss (-) (-)14,03,543 II. Long Term Capital

SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM

In the result, the appeal of the assessee is partly allowed and the appeals