2024 (2) TMI 533

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..... hendu Das, CIT-DR ORDER PER ANNAPURNA GUPTA, ACCOUNTANT MEMBER: The present appeal has been preferred by the Revenue against the order of the learned Commissioner of Income-tax (Appeals)-12, Ahmedabad (hereinafter referred to as "CIT(A)") dated 12.06.2023 passed u/s 250(6) of the Income-tax Act, 1961 (hereinafter referred to as "the Act") for Assessment Year (AY) 2010-11. 2. The only effective .....

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..... 43(2) was issued on 29.08.2011. Notices u/s 142(l) were also issued on 10.01.2012, 15.06.2012, 07.01.2013 & 17.01.2023. Thereafter, the assessment u/s 143(3) of the Act was completed by the Assessing Officer vide order dated 05.03.2013, making addition of Rs. 12,67,19,713/- u/s 10B of the Act and a further disallowance of Rs. 11,91,891/- towards expenses on STCG. 4. Aggrieved by the assessment or .....

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..... fore us, we observe that, in the quantum appeal, the Tribunal has deleted the quantum addition vide order dated 11.03.2021 in ITA No.1318/Ahd/2014. In the light of the order of the Tribunal in the quantum proceedings where the Tribunal deleted the addition, and in view of the Department's appeal to the High Court challenging the deletion of the said addition, it is pertinent to note that the High .....

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