M/S KAKKAR COMPLEX STEELS (P) LTDE vs. THE COMMISSIONER OF IT
Appeal is allowed and
ITA/312/2005HC Punjab & Haryana09 Jan 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 139Section 142Section 143Section 147Section 148Section 154Section 260ASection 80BSection 80H
20% and 25%, which
worked out to Rs.8,87,424/- and Rs.11,09,280/- respectively. As per
Income Tax Act, carried foward business losses can be adjusted only
against the business of the current year and not against any other income.
The assessee was having profits of Rs.44,37,121/- and simultaneously, had
AJAY PRASHER
2023.02.07 14:40
I attest
