2000 (2) TMI 15

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..... 1,40,86,821 claimed by the appellant for the assessment year 1986-87 under section 43B of the Income-tax Act, 1961. The Income-tax Officer had disallowed this deduction for the year 1986-87 but had allowed it for the subsequent assessment year 1987-88. Similarly, in respect of the assessment year 1987-88, the Income-tax Officer had disallowed another amount of Rs. 1,25,30,853 claimed under se....

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.... mean that for the assessment year 1986-87 deduction under section 43B would be allowed for the sum of Rs. 1,40,86,821. An affidavit has been filed by Shri Dinesh Mittal, on behalf of the appellant, in which it is stated that inasmuch as in respect of the assessment year 1987-88, the Income-tax Officer has to pass a fresh assessment order to give effect to the order of the Income-tax Appellate ....