2016 (12) TMI 1761

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..... t:- Issues arising herein stands concluded against the Revenue and in favour of the Assessee by the decision of this Court in CIT v/s. Institute of Banking [2003 (7) TMI 52 - BOMBAY HIGH COURT]. The questions as proposed do not give rise to any substantial questions of law. - Income Tax Appeal No. 1087 Of 2014 - - - Dated:- 16-12-2016 - M.S.Sanklecha And A.S.Gadkari, JJ. Mrs. S. V. Bharu .....

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..... cts and in the circumstances of the case and in law, the Tribunal was justified in upholding the decision of the CIT(A) which allowed carry forward of deficit on account of excess expenditure and directed the assessing officer to allow carry forward of deficit on account of excess expenditure without appreciating the fact that this would have the effect of granting double benefit to the assessee, .....

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