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2017 (8) TMI 116 - AT - Income TaxDetermination of Brought forward losses of the current year - Held that:- There is a factual finding in the impugned order that the audited balance sheet was examined by him, which indicates that unsecured loans has in fact decreased during the period under consideration from ₹ 2,32,70,001/- to ₹ 1,23,03,955/-. The nature of expenses revealed that same expenses were claimed by the assessee in the year under consideration except the provision for doubtful debt (Rs.1,25,48,871/-). We find that the Ld. Commissioner of Income Tax (Appeal) has elaborately discussed the factual matrix and observed that details were duly available on record for which the assessee was claiming expenses. We find no infirmity in the direction of the Ld. Commissioner of Income Tax (Appeal) to determine the loss accordingly and to allow the brought forward losses of the current year and other years accordingly. - Appeal of the Revenue is dismissed.
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