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
u/s 154 of
the Act. Even otherwise, on facts, the Sch BFLA in
the return, copy of which has been placed on record
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during the appeal proceedings, clearly shows that
the Long Term 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
