2019 (5) TMI 1425

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..... Standing Counsel with Ms. Pridhi Jaswinder Sandhu, Jr. Standing Counsel ORDER AJAY KUMAR MITTAL, J. 1. This order shall dispose of a bunch of two appeals bearing ITA Nos.348 and 349 of 2018 as according to learned counsel for the appellant, identical issues are involved therein. For brevity, the facts are being extracted from ITA-348-2018. 2. ITA-348-2018 has been preferred by the re....

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....f the Income Tax Rules? 3. A few essential facts in ITA-348-2018 as narrated therein may be noticed. The assessee was engaged in the business of manufacturing of Denim Fabrics, Denim Garments and trading in textiles goods. It filed its return for the assessment year 2011-12 on 28.9.2011 declaring total loss of Rs. 27,00,69,713/-. The assessment was completed under Section 143(3) of the Act by t....

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....an"the CIT(A)"]. The CIT(A) vide order dated 30.12.2016 (Annexure-2) partly allowed the appeal and deleted the disallowances mentioned at Sr. Nos. I, II and VI (out of disallowance of Rs. 2,86,58,780/- under Section 14A of the Act, deleted the disallowance of Rs. 2,84,91,705/-) and upheld the disallowances mentioned at Sr. Nos. III, IV and V. The revenue filed an appeal before the Tribunal challen....