2025 (8) TMI 188

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....ASKARAN, A.M : The assessee has filed this appeal challenging the order dt.24-09-2024 passed by the Ld. Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (NFAC), Delhi ["Ld.CIT(A)"] and it relates to AY. 2011-12. The assessee is aggrieved by the decision of the Ld.CIT(A) in confirming the addition of Rs. 3.66 crores made by the AO in the rectification order dt. 28-03-2018 passe....

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....perly considered by the Audit Party. The details of brought forward losses were submitted by the Ld.AR as under:- A.Y. Assessed Profit /Loss of Current Year Brought forward loss Total/Net loss adjsuted Balance loss carried forward 2006-07 7,41,93,308 0 0 7,41,93,308 2007-08 - 0 0 - 2008-09 2,45,00,926 0 0 4,96,92,382 2009-10 1,20,57,636 0 0 3,76,34,746 2010-11 1,20,23,87....