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TMI Blog2018 (10) TMI 728X X X X Extracts X X X X X X X X Extracts X X X X ..... f unabsorbed depreciation loss and unabsorbed business loss for the relevant assessment years. The assessee has filed 154 petition on several dates i.e. 21.11.2014, 13.01.2015, 15.04.2016 and 26.04.2018. None of the petitions filed by the assessee were acted upon by the AO. Computation of book profits u/s 115JB - Held that:- The assessee disclosed book profits of ₹ 70,03,340/- and the sam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hajharia, FCA For The Respondent : Shri Pinaki Mukherjee, Addl. CIT Sr.DR ORDER Per M.Balaganesh, AM 1.These two appeals of the assessee arise out of the separate orders passed the ld. Commissioner of Income Tax (in short the Ld. CIT(A)] in appeal nos. 1157 1877/CIT(A)-2/14-15 dated 01.07.2016 for assessment years 2012-13 and 2013-14 respectively against the intimatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... siness loss amounting to ₹ 48,23,371/- but denied adjustment of unabsorbed depreciation of ₹ 40,36,369/- without assigning any reason. 4. Similarly in the assessment year 2013-14, the assessee company had claimed set off of brought forward loss of ₹ 22,03,636/- pertaining to assessment year 2005-06 in the return of income. However while processing the return u/s 143(1) set off ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t year 2012-13 in computation of book profits u/s 115JB of the Act, the assessee disclosed book profits of ₹ 70,03,340/- and the same was computed by the CPC, Bangalore at ₹ 85,44,650/- without assigning any reason. The assessee has also preferred 154 petition before the ld. AO for the same as the rectification rights to transfer to the jurisdictional Assessing officer on 05.02.2016 as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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