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2021 (6) TMI 87 - ITAT DELHIDisallowance of business loss - AO held that the intention of the assessee was only to set off the rental income against such business loss therefore, disallowed the business loss claimed by the assessee against the rental income - HELD THAT:- Since the CIT(A) while deciding the issue against the assessee has followed the order for AY 2012-13 and since the Tribunal has already decided this issue in favour of the assessee for Assessment Year 2012-13 [2020 (2) TMI 1499 - ITAT DELHI] therefore, respectfully following the decision of the Tribunal in assessee’s own case for Assessment Year 2012-13, we set-aside the order to the CIT(A) and direct the Assessing Officer to allow the business loss claimed by the assessee which includes an amount paid to the Managing Director. The grounds raised by the assessee are accordingly allowed.
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