https://www.taxtmi.com/caselaws?id=287156 The Tribunal allowed the appeal for the assessment year 2014-15, holding that the Principal Commissioner of Income Tax's order revising the assessment was not sustainable in law as the provisions of section 115BBE were not applicable for that year. The Tribunal determined that the assessee was entitled to claim set-off of losses against income determined under section 115BBE, as supported by a decision from the Jaipur Bench of the ITAT. Consequently, the Tribunal quashed the PCIT's order as contrary to the law and the ITAT decision. en-us Thu, 31 Oct 2019 00:00:00 +0530 Wed, 01 Apr 2020 10:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287156 The Tribunal allowed the appeal for the assessment year 2014-15, holding that the Principal Commissioner of Income Tax's order revising the assessment was not sustainable in law as the provisions of section 115BBE were not applicable for that year. The Tribunal determined that the assessee was entitled to claim set-off of losses against income determined under section 115BBE, as supported by a decision from the Jaipur Bench of the ITAT. Consequently, the Tribunal quashed the PCIT's order as contrary to the law and the ITAT decision. Case-Laws Income Tax Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287156