2019 (11) TMI 1713

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..... he two Appeals under Section 260-A of the Income Tax Act, 1961 (the Act), challenge an order dated 8th June, 2016 of the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 8th June, 2016 is a common order of the Tribunal for the Assessment Years 2010-11 and 2011-12. Thus, these two appeals. At the request of the parties, both the Appeals are being considered together as the fac .....

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..... to claiming a double deduction and the same is the face of the decision of the Apex Court in Escorts Ltd., v/s. UOI 199 ITR 43? (b) Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in holding the claim of the Assessee for carry forward of the deficit, ignoring the fact that there is no express provisions in the Act, permitting allowance of such claim?" .....

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..... he Trust under Section 11 of the Act. It was concerned with the issue of double deduction being claimed under Section 35 of the Act i.e. capital expenditure on scientific research and depreciation under Section 32 of the Act. The issue of Section 11 of the Act has been directly dealt by the Apex Court in Rajasthan & Gujarati Charitable Foundation, Pune (supra). Thus, it would apply to the present .....

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