2015 (9) TMI 1718

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....cate for For the Respondent : Mr.F.V.Irani with Mr.A.K.Jasani Advocates ORDER P.C.  Income Tax Appeal Nos.2162 of 2013 and 116 of 2014 are not on Board. Upon mentioning taken up for admission along with Income Tax Appeal No.1759 of 2013. 2. The challenge in all the three appeals under section 260A of the Income Tax Act, 1961 (the Act) is to the common impugned order dated 3rd April 20....

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....us as per Form-I and therefore, corresponding adjustment for negative reserve need to be made to arrive at taxable surplus." 4. So far as question (A) is concerned, we find that the impugned order of the ITAT has allowed the respondent-assessee's appeal by following the decision of this Court in General Insurance Corporation of India vs. Deputy Commissioner of Income Tax & anr (2012) 342 ITR ....

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....006-07. Mr.Suresh Kumar learned counsel appearing for the revenue very fairly states that the revenue's appeal on this issue from the order of the Tribunal in ICICI Prudential Insurance Co. Ltd being Income Tax Appeal No.711 of 2013 for Assessment year 2006-07 was dismissed on 20th July 2015 by this Court. This inter alia on the ground that the issue stands covered in favour of the respondent-....