2019 (5) TMI 1388

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....b, Sr. DR ORDER PER SHRI N.K. BILLAIYA, A.M. This appeal by the assessee is preferred against the order of the CIT(A)-37, New Delhi dated 08.09.2016 pertaining to AY 2008- 09. The grievance of the assessee reads as under: 1. "That on the facts and in the circumstances of the case and in law, the orders passed by Ld. Deputy Commissioner of Income-tax, Circle 7(1), New Delhi under ....

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....ice. 4. On merit, the Ld. AO/CIT(A) has erred in setting off of brought forward losses of earlier years with the profit of the undertaking for the year under consideration without appreciating the change in provisions of section 10A(6) of the Act brought about by Finance Act, 2003 w.e.f. April 1, 2001. That the above-mentioned grounds are independent and without prejudice to each....

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.... Nos. 104 & 105/Del/2011 dated 27.02.2015 and dismissed the appeal of the assessee. 4. Before us, the Counsel for the assessee submitted that the decision of the Tribunal in the case of Tecnovate E-solutions Pvt. Ltd., which was relied upon by the CIT(A) has been reversed by the Hon'ble High Court of Delhi. 5. Since the decision, which was the basis for the dismissal of the appeal by the CIT....