In the result, appeal of the assessee is Partly Allowed
Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकरअपीलसं. / Ita No.316/Pun/2021 िनधा"रणवष" / Assessment Year : 2017-18 Kumar Agro Products Pvt. The Assistant Commissioner Ltd., Vs Of Income Tax, Circle-14, 2413, 1St Floor, Kumar Pune. Capital, East Street, Camp, Pune – 411001. Pan: Aaack 7660 H Appellant/ Assessee Respondent / Revenue Assessee By Shri Rajendra Agiwal – Ar Revenue By Shri Ramnath P Murkunde – Dr Date Of Hearing 13/09/2022 Date Of Pronouncement 29/09/2022 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assesseeisdirected Against The Order Of Ld.Commissioner Of Income Tax(Appeals)[(Nfac)], Delhi Under Section 250 Of The Income Tax Act, For The Assessment Year 2017-18 Dated 19.07.2021. The Assessee Raised The Following Grounds Of Appeal: “1. Erred In Upholding Action Of The Learned Ao In The Assessing Total Loss To Rs. 4,79,85,807 As Against Returned Loss Of Rs. 4,83,21,611;
disallowance. However, now we have held in earlier para that the amount of Rs.3,35,804/- is an allowable expenditure, accordingly, the AO shall re-calculate the loss. Accordingly, the Ground No.6 is allowed for statistical purposes. 9. The Ground No.7 is regarding interest under section 244A