Commissioenr of Income Tax vs. Dr. T. Ravi Kumar
ITTA/399/2011HC Telangana24 Jul 2013
Section 143(3)Section 271(1)(c)
68,280/-imposed
by the AO for A. Y. 1995-1996 is therefore ordered to be
deleted.”
8. The above finding of Id. CIT(A), in our considered view does
not suffer from any infirmity. The Id. CIT(A) has considered the
issue in right prespective. The Id.CIT(A) has ascertained that
assessee had claimed loss of Rs. 116 crores