2012 (5) TMI 726

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....RESIDENT: This is assessee's appeal directed against the order of the Commissioner of Income Tax (Appeals)-I, Baroda for the assessment year 2004-2005. 2. The learned counsel for the assessee submitted that this is a recalled matter. The Tribunal has disposed of the matter vide its order dated 21-10-2011 and the appeal of the assessee was partly allowed. However, the assessee filed Misc. Appli....

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....; 35,203/- out of the disallowed amount of interest of ₹ 5,41,838/- vide its order dated 7-2-2012 passed in MA No.171/Ahd/2011. The learned counsel for the assessee submitted that the assessee is entitled to its alternative plea of netting to the extent of ₹ 35,203/- interest income from "KBPL" from the disallowed interest amount of ₹ 5,41,838/- and that there was no factual disp....