9911796707
TMI Blog2022 (12) TMI 528X X X X Extracts X X X X X X X X Extracts X X X X ..... r of the assessee and further for A.Y. 2004-05 to 2008-09 [ 2013 (1) TMI 368 - ITAT DELHI] , the reference was made by the Department against the order of Tribunal but the reference was dismissed by Hon ble High Court. Before us, Revenue has not placed any material on record to demonstrate that the decision of Hon ble High Court and the decision of Tribunal in assessee s own case has been stayed/s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... micro credit to rural customers in India. Assessee filed its return of income for A.Y. 2013-14 on 28.09.2013 declaring loss of Rs.35,67,81,475/-. The case was selected for scrutiny and thereafter, assessment was framed u/s 143(3) of the Act vide order dated 22.03.2016 and the total income was determined at Rs.83,39,753/-. 4. Aggrieved by the order of AO, assessee carried the matter before CIT(A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urnment application was filed despite the fact that the notice of hearing was issued to the assessee. Since the issue raised in the appeal of the Revenue appears to be a covered issue in favour of the assessee, we therefore, proceed to dispose of the appeal ex parte qua the assessee, after considering the submissions of Learned DR and the material on record 6. During the course of assessment pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and made its addition. 7. Aggrieved by the order of AO, assessee carried the matter before CIT(A). CIT(A) while deciding the issue noted that identical issue arose in assessee s own case for A.Ys. 2004-05 to 2008-09, 2009-10 wherein the Hon ble ITAT has decided the issue in favour of the assessee and on a reference by the Department to Hon ble High Court, the same was dismissed. He thus decide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the issue has been decided in favour of the assessee and further for A.Y. 2004-05 to 2008-09, 2009-10, the reference was made by the Department against the order of Tribunal but the reference was dismissed by Hon ble High Court. Before us, Revenue has not placed any material on record to demonstrate that the decision of Hon ble High Court and the decision of Tribunal in assessee s own case has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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