2020 (10) TMI 1343

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.... For the Revenue : Shri Manjunatha Swamy-Ld. CIT DR ORDER Manoj Kumar Aggarwal (Accountant Member) 1. The aforesaid appeal is a recalled matter for limited purpose of adjudicating ground no. 4 since the appeal was earlier disposed-off vide Tribunal order dated 01/03/2018. However, it was pointed out by the assessee vide MA No. 582/Mum/2018 that Ground No. 4 of the appeal remained to be a....

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....ovision for project losses in the computation of book profits under Section 115JB of the Act. 3. The Ld. Authorized Representative for Assessee (AR), Shri Ronak Doshi, submitted that during assessment proceedings the assessee was saddled with disallowance of provision for unascertained liabilities for Rs.201.01 Lacs. The said disallowance was made while computing income under normal provisions ....

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.... DR could not controvert the same. Nothing is on record to demonstrate that the aforesaid finding of Tribunal with respect to Ground No.3 has ever been reversed by any higher authority. 4. Upon perusal of the order dated 01/03/2018, it is quite discernible that a finding has been rendered by the bench in para 24 of the order that the determination of foreseeable loss was fair, proper and justif....