2019 (3) TMI 1162

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....i Apoorva Bhardwaja, Sr.DR ORDER PER RAJPAL YADAV, JUDICIAL MEMBER : Assessee is in appeal before the Tribunal against order of the ld.CIT(A), Gandhinagar dated 13.7.2015 passed for the Asstt.Year 2009-10. 2. Solitary grievance of the assessee is that the ld.CIT(A) has erred in confirming the penalty of Rs. 13,29,742/- which was imposed by the AO under section 271(1)(c) of the Income T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... it is a business loss and therefore, otherwise also admissible u/s.28 of the Act which is adjustable while computing income under the head "income from business" essentially being incidental to business of the appellant. When the department authorities hold a different view and do not allow the bad debt as claimed by the appellant, in the alternative, the said amount of Rs. 50,06,147/- deserve to....