2011 (11) TMI 696

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....rajan, Jr. Standing Counsel For the Respondent : Shri K. Srinivasan, CA ORDER PER GEORGE MATHAN, JUDICIAL MEMBER : This is an appeal filed by the Revenue against the order of the learned CIT(Appeals)-III, Chennai in ITA No. 799/09-10 dated 12-11-2010 for the assessment year 2003-04. 2. Shri K.E.B. Rengarajan, Jr. Standing Counsel represented on behalf of the Revenue and Shri K. Srin....

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.... these exempted units do not form part of the total income of the assessee, as a consequence, the losses of such units can also not be considered while computing total income of other units of the assessee'. 2.2) It is submitted that on further appeal, the Hon'ble ITAT remitted back the issue to the file of the Assessing Officer for fresh consideration in the light of judgements by th....

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....ed by the learned DR that originally the issue had been restored to the file of the Assessing Officer for re-adjudication of the issue excluding the losses of 10-B unit against the profits of the non-10B unit. It was the submission that in the set aside proceedings the Assessing Officer had followed his earlier order and on appeal the learned CIT(A) by following the decision of the Third Member de....