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
3 -
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 in
Sch CFL and UD by reducing this amount in Sch
CFL from the brought forward losses as against the
correct
