2016 (8) TMI 1430

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.... The Appellant : Mr. A.R. Malhotra with Mr. N.A. Kazi For The Respondent : Mr. Sameer Dalal ORDER P.C. : 1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenges the order dated 5th June, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order is in respect of Assessment Year 200809. 2. This appeal raises the following questions ....

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....l was justified in upholding the decision of the CIT(A) to allow carry forward of deficit on account of excess expenditure and directing the Assessing Officer to allow carry forward of deficit on account of excess expenditure without appreciating the fact that this would have the effect of granting double benefit to the assessee, first as 'accumulation' of income under Section 11(1)(a) or ....