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TMI Blog2019 (5) TMI 320X X X X Extracts X X X X X X X X Extracts X X X X ..... anding Counsel ORDER AJAY KUMAR MITTAL, J. 1. This order shall dispose of two appeals bearing ITA Nos.411 and 424 of 2018 as according to learned counsel for the revenue, identical questions of law and facts are involved therein. For brevity, the facts are being extracted from ITA-411-2018. 2. ITA-411-2018 has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Briefly stated, the facts necessary for adjudication of ITA-411- 2018 as narrated therein may be noticed. The assessee filed its return of income for the assessment year 2012-13 on 30.9.2012 declaring loss of Rs. 217,71,42,517/-. Thereafter, the assessee filed its revised return of income on 29.3.2014 declaring loss. The Assessing Officer vide order dated 13.11.2014 (Annexure A-I) completed the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eard learned counsel for the revenue. 5. It could not be disputed by the learned counsel for the revenue that the issue involved in the appeal is covered by the judgment of this Court in ITA-322-2016 (Principal Commissioner of Income Tax-I, Chandigarh v. M/s Vardhman Chemtech Private Limited, Chandigarh) decided on 28.8.2018, wherein the appeal filed by the revenue against the deletion of disall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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