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2015 (10) TMI 13 - AT - Income TaxDisallowance under section 36(1)(vii) - provision of doubtful advance - Held that:- Assessee in fact had disallowed both the provision for doubtful debts of ₹ 31,12,318/- and provision for doubtful advances of ₹ 38,54,270/- while computing income for the assessment year 2006-07. Thus, we direct the Assessing Officer to delete the disallowance made in respect of provision for doubtful advance of ₹ 38,54,270/- as the assessee itself had disallowed the amount in its computation. Disallowance of carry forward business loss - Held that:- Commissioner of Income Tax (Appeals) in the last line of the order in para 6.2.2 stated that the ground is rejected. We think it is only an inadvertent mistake of Commissioner of Income Tax (Appeals) in rejecting the ground. Since he has already directed the Assessing Officer to verify whether business loss of assessment year 1998-99 is carried forward only upto assessment year 2006-07 or not. Thus, we restore this issue to the file of the Assessing Officer with a direction to carry out the observations/directions of the Commissioner of Income Tax (Appeals) and ascertain as to whether business loss of the assessment year 1998-99 is carried forward only upto 2006-07 and not beyond that period. - Appeal of assessee allowed partly for statistical purposes.
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