2010 (9) TMI 187

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....e present appeal has been filed under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as "Act, 1961") challenging the order dated 10th July, 2009 passed by the Income Tax Appellate Tribunal (for brevity "Tribunal") in ITA No. 2811/Del/2008 for the Assessment Year 1998-99. 2. Mr. Sanjeev Sabharwal, learned senior standing counsel for the Revenue submitted that the Tribunal had ....

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....wed by the AO and the second given by the CIT(A) while reversing the order of the AO and the third taken in the order of ITAT upholding the order of the AO on the reasoning that in view of the amendment in the provision of section 115JA with retrospective effect the set off of unabsorbed depreciation while determining the book profit u/s 115JA of the Act was held not allowance to the assessee. Fro....