In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble
viib) of the Income tax Act1961, ignoring the method of valuation prescribed under the law. 5. The learned CIT(A) failed to set off the unabsorbed loses of previous years carry forward in the assessment. Page No. 4 I.T.A. No. 227/VIZ/2020 I.T.A. No. 117/VIZ/2021& C.O. No. 13/VIZ/2023 M/s. Linton Projects Private Limited& Smt. Poosarla Satyavathi 6. The appellant