In the result, all the appeals of assessee are allowed as indicated above
Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm
penalty u/s. 271(1) (c). (7) That for any other ground with kind permission of Hon'ble members at the time of hearing of appeal. 3. From the above it is evident the core issue relates to the correctness of allowing by Assessing Officer the assessee’s claim of set off of brought forwarded long term capital loss relating