DCIT CIRCLE 7, BODHI TOWER SALISBURY PARK vs. L B KUNJIR, PUNE
In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed
ITA 1046/PUN/2024[2015-16]Status: DisposedITAT Pune05 Jul 2024AY 2015-16
Bench: Shri R. K. Panda & Ms Astha Chandra
For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde
Section 115BSection 133ASection 69ASection 69BSection 80I
69D of the Act. Therefore, the CBDT issued circular holding that the set off of losses is prohibited from assessment year 2017-
18 onwards. He submitted that as per the circular, what is prohibited under sub- section (2) is set off of any expenditure or allowance or loss against the deemed income. Since the assessee in the instant case
