A2Z MAINTENANCE & ENGINEERING SERVICES LTD.,GURGAON vs. DCIT, CENTRAL CIRCLE-II, FARIDABAD
In the result, the appeal of the assessee is allowed
ITA 2631/DEL/2018[2008-09]Status: DisposedITAT Delhi28 Mar 2023AY 2008-09
Bench: Shri Pradip Kumar Kedia & Shri Anubhav Sharma
For Appellant: Ms. Ritu Kamal KishoreFor Respondent: Shri P. Praveen Sidharth, CIT-DR
Section 132Section 132(4)Section 153ASection 271(1)(c)Section 274
u/s 271(1)(c) of the Act on this disallowance.
5.3.3 In the case of DCIT v/s Shree Ram Electrocast (P) Ltd [2017] 84
taxmann.com 63 (Kolkata-Trib), Hon'ble ITAT has held that merely because losses were not allowed to be set off against normal business income and was treated as speculative loss, it was only a change
