2013 (6) TMI 314

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..... looking to the tax effect involved in this effect i.e. less than of Rs.10,000/- as the total disallowance was of Rs.4540+24,321 this issue is to be kept open for consideration at appropriate stage in appropriate proceedings. The finding of the Tribunal in this regard is maintained as tax effect in this regard is less than Rs. 10,000/-. Admissibility to carry forward of losses and to recompute .....

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..... f the time permitted by Section 139 (5) of the Income Tax Act? (2) Whether the finding of the learned Tribunal about admissibility to carry forward of losses and to recompute the deduction under Section 80HHC (1A) is contrary to the judgment of Hon'ble the Supreme Court reported in 266 ITR 521, wherein the judgment of Bombay High Court reported in 246 ITR 429 was overruled? 3. So far as quest .....

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..... t in favour of assessee and against the Revenue, therefore, this question be accordingly decided in favour of assessee. 6. Learned counsel for the appellant submitted that he is not aware as to whether the judgment of Bombay High Court has been given effect to by the department or not. Therefore, he would like to argue the case on merit. However, he has fairly and frankly conceded that tax effec .....

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