ICOMM TELE LIMITED,HYERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD

In the result, appeal of the revenue in ITA No

Bench: Shri Satbeer Singh Godara & Laxmi Prasad Sahuassessment Year: 2009-10 Dy. Commissioner Of Vs. Icomm Tele Ltd., Income-Tax, Circle – 2(1), Hyderabad. Hyderabad. Pan – Aaeca 1326Q (Appellant) (Respondent)

reassessment proceedings, the AO asked the assessee to furnish details of brought forward business losses and unabsorbed depreciation from AY 1997-98 to 2003-04. After submitting the details, which were extracted by the CIT(A) at page 2 of his order, the assessee submitted that there is brought forward business loss of Rs. 16,61,40,1321/- and unabsorbed