Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (5) TMI 1388 - AT - Income TaxDeduction u/s 10A - deduction was set off against the brought forward losses - AO was of the opinion that the brought forward losses should be set off before claiming deduction u/s 10A while computing income of the assessee - HELD THAT:- A perusal of the order of the CIT(A) shows that he has simply extracted the order of the Tribunal in TECNOVATE ESOLUTION PRIVATE LTD. [2015 (9) TMI 120 - ITAT DELHI] and dismissed the appeal of the assessee. Since the decision, which was the basis for the dismissal of the appeal by the CIT(A) has been reversed by the Hon’ble High Court of Delhi [2015 (12) TMI 1184 - DELHI HIGH COURT] . We are of the considered view that in the interest of justice, the CIT(A) should now decide the appeal of the assessee afresh after giving a reasonable opportunity of being heard to the assessee. The appeal is restored to the file of the CIT(A) accordingly. - Assessee's appeal treated as allowed for statistical purpose.
|