2020 (12) TMI 290

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.... Member For the Appellant : Sh. Jagdish Singh, Sr. DR For the Respondent : Sh. Sachit Jolly, Adv ORDER PER SUCHITRA KAMBLE, JM This appeal is filed by the Revenue against the order dated 30/10/2017 passed by CIT (A)-4, New Delhi for Assessment Year 2013-14. 2. The grounds of appeal are as under:- 1. On the facts and in the circumstances of the case, the Ld.CIT(A) has err....

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....return of income on 30/3/2015 declaring loss of Rs. 77,79,51,423/- and claiming enhance TDS credit resulting in increasing refund to Rs. 12,52,85,552/-. The Assessing Officer completed assessment proceedings and passed final assessment order on 30/1/2017 u/s 143(3) read with Section 144C and assessed loss was determine at Rs. 71,33,63,400/- after making the following adjustments:- 4. Being aggr....

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....5,375 Assessed Loss (rounded off) 71,33,66,400 6. The Ld. AR relied upon the order of the CIT(A) and further submitted that no exempt income was earned during the present assessment year and no expenditure was incurred. The Ld. AR relied upon the decision of the Hon'ble Delhi High Court in case of CIT Vs. Holcim India Pvt. Ltd. 272 CTR 282 and Cheminvest Ltd. reported at 371 ITR 23. 7.....