2023 (7) TMI 1579

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....jit Kumar, CIT DR. ORDER PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(A)-22, New Delhi dated 30.05.2019 pertaining to A.Y. 2016-17. 2. The grievance of the assessee read as under : 1. That on the facts and in law the CIT(A) erred in upholding an addition to total income of Rs. 5,94,12,31,837/- on account of Profit on Sale/Redemp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....re on record. 4. That on facts and in law the CIT(A) erred in upholding a disallowance of Rs.92,70,000/-being Provision made for Standard Assets. 5. That on facts and in law the CIT(A) has erred in upholding following adjustments made by AO while computing taxable "Book Profits" as per provisions of section 115JB of the Act: (a) Addition of Rs.92,70,000/- on account of P....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... but could not bring any distinguishing decision in favour of the revenue. 4. We have carefully perused the orders of the authorities below. We have carefully considered the decisions of the coordinate Bench in assessee's own case for earlier assessment years. We find force in the contention of the Counsel. All the issues before us have been considered and decided by this Tribunal. 5. Issues....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ra) and at para-6.3 followed the order for A.Y.2011-12 and concluded as under :- "Ld. DR has not pointed and distinguishing the facts so the ground is decided in favour of the assessee and issue restored to the file of Ld. AO to decide afresh as directed for A.Y.2010-11 to 2011-12." 9. Respectfully following the same we direct accordingly. 10. Issue raised vide ground No.4 were cons....