2019 (2) TMI 1715

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....is Appeal under Section 260­A of the Income Tax Act, 1961 (the Act), challenges the order dated 7th  October, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 7th October, 2015 is in respect of Assessment Year 2009­10. 2 The  Revenue  urges  the  following question  of  law for  our consideration: " Wheth....

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....earned Counsel for the Revenue states that in view of the Instruction No.3 of 2010 dated 23rd March, 2010, the issued by the CBDT contend that, loss in such case is  notional and contingent in nature and same should be added but for the purpose of computing taxable income.  The aforesaid submission was the basis of the order of the Assessing Officer and not accepted by this Court in M/s.....