DY. COMMISSIONER OF INCOME TAX, JAMSHEDPUR vs. URANIUM CORPORATION OF INDIA LIMITED, JAMSHEDPUR

In the result, this appeal of the revenue is dismissed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahayd.C.I.T., Uranium Corporation Of India Jamshedpur. Limited, Vs. Turamardie Mines, Sundar Nagar, East Singhbhum-832107 (Jharkhand) Pan No. Aaacu 2207 N Appellant/ Assessee Respondent/ Revenue

1) of the act to increase business loss and carried forward such increased business loss for the purpose of set off with the income of future years and thus effect the impact on revenue adversely. 2. On the facts and circumstances, the CIT(A) has erred in deleting the penalty levies u/s 270A of the I.T.Act, 1961 by observing that