SHAHUL HAMEED,MANANTHAVADY vs. ITO, WARD-2, KALPETTA
In the result, the appeal by the assessee is allowed
ITA 355/COCH/2024[2014-2015]Status: DisposedITAT Cochin27 Mar 2025AY 2014-2015
Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail
For Appellant: --- None ---For Respondent: Smt.Leena Lal, Sr.AR
Section 115Section 133ASection 143(3)Section 147Section 148Section 154Section 250Section 69
69D."
The intention of the legislature in introducing the amendment, as stated in the explanatory note, is to avoid unnecessary litigation and to expressly provide that no set off of any loss shall be allowable in respect of income under section 68. Therefore, it has to be held that, as on the relevant date of the assessment, there
