TMI Blog2020 (7) TMI 195X X X X Extracts X X X X X X X X Extracts X X X X ..... he Assessing Officer and allowed the plea of the assessee for setting-off of carried forward amount of deficit of earlier years in order to compute the assessable income for the year under consideration - HELD THAT:- It was a common ground between the parties that the legal position laid down in the case of Raghuvanshi Charitable Trust [ 2010 (7) TMI 158 - DELHI HIGH COURT] continues to hold the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment year 2013-14 is directed against the order of learned CIT(A)-40, New Delhi dated 10th July, 2017. 2. In this appeal, the solitary grievance of the Revenue is enumerated in the following ground of appeal :- Whether on the facts and circumstances of the case and in law, the Ld.CIT(A) has erred in allowing carry forward of b/f losses as there is no provision in the statute to carry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome of the current year. In this manner, the Assessing Officer assessed the total income at ₹ 7,87,85,919/-, being the excess of income over expenditure for the current year. 4. In appeal before the learned CIT(A), assessee canvassed that the action of the Assessing Officer in not allowing the adjustment of deficit carried forward from earlier years was expressly contrary to the law lai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee for setting-off of carried forward amount of deficit of earlier years in order to compute the assessable income for the year under consideration. Against such a decision, Revenue is in appeal before us as per the aforestated Ground of appeal. 6. Before us, it was a common ground between the parties that the legal position laid down by the Hon ble High Court of Delhi in the case of R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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