2015 (7) TMI 873

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..... r. Devinder Goel, Advocate for the appellant. Ms. Urvashi Dhugga, Advocate for the revenue. Ajay Kumar Mittal,J. 1. This order shall dispose of ITA Nos.406, 515 and 516 of 2005 as according to the learned counsel for the parties, the issue involved is identical in all the appeals. However, the facts are being extracted from ITA No.406 of 2005. 2. ITA No.406 of 2005 has been preferred by the as .....

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..... s narrated in ITA No.406 of 2005 may be noticed. The assessee filed its return of income for the assessment year 1998-99 on 27.11.1998 at Rs. 7,45,47,871/- after excluding brought forward losses of ` 10,23,33,050/-. Since after claiming brought forward losses of  Rs. 10,23,33,050/-, the taxable income worked out to be less than 30% of the book profit, the assessee filed its return of income a .....

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..... l before the Tribunal. Vide order dated 17.12.2004, Annexure A.1, the Tribunal allowed the appeal, set aside the order of the CIT (A) and restored that of the Assessing Officer. Hence the present appeal by the assessee. 4. Learned counsel for the parties are ad-idem that the solitary issue involved in all the three appeals is whether interest under Sections 234B and 234C of the Act can be charged .....

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