COMMISSIONER OF INCOME TAX vs. M/S.NEELACHAL ISPAT NIGAM LTD.
In the result, this Income Tax Appeal is allowed, setting
ITA/11/2018HC Orissa16 Mar 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 143(3)
88,52,496/- (pertaining to the assessment years 1996-97
to 2009-10) and loss amounting to Rs.35,85,037/- (pertaining
to the assessment years 1996-97 and 1997-98). The total loss
of Rs.1,52,76,459/- was adjusted against the taxable income
of Rs.35,85,037/- for the assessment year 2011-12, whereby
the taxable income came
