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2016 (6) TMI 973 - BOMBAY HIGH COURTMAT computation - loss which can be deducted under Section 115 JB(2) - Held that:- There is no specific mention in the impugned order the manner of calculation of the amounts in terms of the explanation to Section 115 JB(2) of the Income Tax Act. Without going into the merits of the rival contentions, we find it appropriate to quash and set aside the impugned order of the ITAT and remand the matter to the learned Tribunal to re-examine the matter only on this limited aspect, after hearing the parties in accordance with law. It is, however, clarified that the matter is remanded only for the restricted purpose to examine whether the appellants are entitled to get the deduction on account of losses incurred as provided in Section 115 JB(2) of the Income Tax Act.
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