2022 (3) TMI 563

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.... Hoshang B. Irani, Ld. DR ORDER Per Kavitha Rajagopal , Judicial Member The present Appeal filed by the revenue challenging the order dated 04.12.2018 passed by Ld. Commissioner of Income Tax (Appeals) - 13, Mumbai in short referred as 'Ld. CIT(A)' in the matter of assessment u/s. 143(3) of Income Tax Act, 1961 (in short 'I.T. Act') for the Assessment Year (in short AY) 2010-11.....

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....(A) on the above grounds be set aside and that of the AO restored. 2. The brief summary narrated in the order is as under:- The assessee company is a NBFC registered under RBI and was engaged in the business of trading in shares, finances and investments. The assessee company filed its return of income on 30.09.2012 declaring total loss of Rs. 5,27,26,078/- and subsequently after completion of a....

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....carried out on erstwhile company and that the Ld. CIT(A) order should be upheld. 4. We have given our careful consideration to the rival contentions and the materials placed on record before us. Though in the similar issue of the assessee for the AY 2010-11, the revenue was on appeal on the issue whether assessment proceedings on erstwhile company was a curable error u/s. 292B and 292BB of the IT....