BHIMA JEWELLERS vs. COMMISSIONER OF INCOME TAX,
ITA/15/2021HC Kerala25 Aug 2022
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
For Appellant: M/S BHIMA JEWELLERSFor Respondent: COMMISSIONER OF INCOME TAX
Section 115Section 115BSection 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D
4. The circumstances relevant for disposing of the appeal
are in a limited sphere and are stated thus:
On 30th of September 2013, the assessee filed the returns of
the assessment year 2013-2014 declaring Rs.14,12,120/- as
taxable income. During the financial year 2012-2013, the assessee
had shown net loss of Rs.1,76,24,221/-. The partners
