TMI Blog2022 (4) TMI 1129X X X X Extracts X X X X X X X X Extracts X X X X ..... could not have been charged, there being no taxable income as income of the petitioner was assessed at loss - petitioner points out that even at this stage, the claim for TDS credit has been overlooked by the Assessing Officer while carrying out the rectification - HELD THAT:- In the circumstances, we direct respondent No.2 to pass a fresh rectification order for the Assessment Year 2018-19 consid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 61 (briefly the Act hereinafter) on the ground that it is contrary to the Assessment Order for the said Assessment Year, dated 07.04.2021. 3. From a perusal of the Assessment Order, we find that income of the petitioner was assessed at (-) 25,86,57,810.00. In other words, it was a loss figure. Nonetheless, in the Demand Notice, a sum of ₹ 13,43,07,880.00 was directed to be paid by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ads as under : In this case, assessment order u/s 143(3) r.w.s. 143(3A) 143(3B) of the Income tax Act, 1961 (hereinafter referred as Act ) was completed for assessment year 2018-19 on 07/04/2021 by making addition of ₹ 61,18,734/- towards Disallowance of decommissioning liability and there by assessing the total loss at ₹ 25,86,57,814/- as against the returned loss of ͅ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. Learned counsel for petitioner points out that even at this stage, the claim for TDS credit of ₹ 4,73,190.00 has been overlooked by the Assessing Officer while carrying out the rectification. 7. In the circumstances, we direct respondent No.2 to pass a fresh rectification order for the Assessment Year 2018-19 considering the above grievance of the petitioner. The same shall be do ..... X X X X Extracts X X X X X X X X Extracts X X X X
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