2023 (4) TMI 857

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..... SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES), SRI.JOSE JOSEPH, SC, FOR INCOME TAX JUDGMENT S.V.Bhatti, J. Heard Mr Kuryan Thomas, learned counsel for the appellant and Mr P.K.R Menon learned Senior Standing Counsel for the respondent. 2. Rehabilitation Plantation Ltd is the appellant. The Commissioner of Income Tax, Aayakar Bhavan, Thiruvananthapuram is the respondent. The present appeal arises fr....

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....assessing of-ficer is unsustainable in law and is erroneous and preju-dicial to the interest of the revenue? iv. Ought not the appellate tribunal to have found that since the loss sustained by the rubber sheet factory was in the course of a business activity, it ought to have been set off against the business income without applying the provisions of Rule 7A ? 5. The learned counsel appearing f....