9911796707
TMI Blog2016 (2) TMI 1010X X X X Extracts X X X X X X X X Extracts X X X X ..... gned order dated 27/03/2015 of CIT(A)-7, Mumbai, pertaining to the assessment year 2009-10, which in turn has arisen from an order passed by the Assessing Officer dated 05/12/2011 under section 143(3) of the Income Tax Act, 1961( in short "the Act"). 2. In this appeal, although the Revenue has raised multiple Grounds of appeal, the essential dispute revolves around two issues, which shall be deal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Hon'ble Bombay High Court in the case of CIT vs. Institute of Banking Personnel Section, 264 ITR 110 (Bom). This action of the CIT(Appeals) has been disputed by the Revenue before me. 4. At the time of hearing , Ld. Departmental Representative for the Revenue quite fairly pointed out that the decision of the CIT(Appeals) was based on the binding judgment of the Hon'ble Jurisdictional High ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecting the Assessing Officer to allow carry forward of the current's assessed deficit for set-off in the subsequent years. 6. In my considered view, the said direction of the CIT(Appeals) is very much in line with the decision of the Hon'ble Bombay High Court in the case of Institute of Banking Personnel Selection (supra) and on this aspect also no error can be found with the decision of the CIT( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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