THE COMMISSIONER OF INCOME TAX vs. PREMIER TYRES LTD.

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

setting off the brought forward unabsorbed losses of the preceding assessment years against the current years by computing income of Rs.6,61,75,914/- received from ATL as income from business. On 30.12.1998, the assessment was completed under section 143(3). The assessment was completed by treating the lease rent received from Apollo Tyres Ltd. amounting to Rs.6

THE COMMISSIONER OF INCOME TAX (EXEMPTIONS), vs. MS/.LOVE IN ACTION SOCIETY NALANCHIRA,

Appeal is allowed as

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM

set aside the assessment order u/s 263 of the Income Tax Act for reconsideration of the issue by the Assessing Officer, as delineated above, after giving full opportunity of being heard to the assessee.” 2.1 The assessee aggrieved by order in Annexure-B dated 19.03.2018 filed I.T.A. No.459/Coch/2018 before the Income Tax Appellate Tribunal (ITAT), Cochin Bench