PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S H.P. AGRO INDUSTRIAL CORPORATION LTD THROUGH ITS MANAGING DIRECTOR
In the result, the appeal filed by the Revenue
ITA/6/2020HC Himachal Pradesh17 Nov 2022
Bench: HON'BLE MRS. JUSTICE SABINA,HON'BLE MR. JUSTICE SUSHIL KUKREJA
For Appellant: Ms. Vandana Kuthiala, AdvocateFor Respondent: Mr. Vishal Mohan, Advocate
Section 143(3)Section 154
Capital Gains of Rs.12710334 has
been set off against the b/f depreciation. The
appellant has however wrongly computed the c/f of
unabsorbed losses and unabsorbed depreciation in
Sch CFL and UD by reducing this amount in Sch
CFL from the brought forward losses as against the
correct sch UD pertaining to carry
