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2020 (2) TMI 1499
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....Gautam, Sr. DR ORDER PER SUSHMA CHOWLA, VP The present appeal filed by assessee is against order of CIT(A)-9, New Delhi dated 25.10.2018 relating to assessment year 2012-13 against order passed under section 143(3) of the Act. 2. The first issue which is raised is against the disallowance of the business loss amounting to Rs. 39,30,602/- on the ground that no business activity was carr....
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....as of the view that high remuneration paid to the Director was not in connection with the business activity of the assessee but was against rental income offered by the assessee. Hence the claim of the assessee was denied against which the present appeal. 4. On the perusal of record and after hearing both the authorized representatives, the limited issue which arises is against the disallowance....