M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

11-02-2016 declaring total loss of Rs. 5,01,57,754/- and thee Business Loss claimed was not allowed to be carried forward and the AO was supposed to have given finding in this regard. However, no such finding was given by the AO while passing assessment order. 3.4 While revising the assessment order, the Pr. CIT placed reliance

M/S.POPULAR FINANCE,PATHANAMTHITTA vs. THE ACIT, CIRCLE-1, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes