2011 (6) TMI 1047

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....l Kumar Shrawat And Shri A.K. Garodia For the Appellant : Shri Kartar Singh, CIT (DR). For the Respondent : Shri Vivek N. Chavda. ORDER PER: SHRI A.K. GARODIA, A.M. This appeal is filed by the Revenue and the Cross Objection is filed by the assessee. These are directed against the order of Ld. CIT (A)-VI, Ahmedabad dated 3-9-2010 for Assessment Year 2006-07. 2. First we take up t....

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....d. A.R. of the assessee supported the order of the CIT (A) on this issue. 4. We have considered rival submissions and perused the material on record and have gone through the orders of the authorities below and the Tribunal decision in the case of Amline Textiles (P) Ltd. (supra). We find that A.O. has noted the figures of business losses and depreciation on page-2 of the assessment order. The ....

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....f Rs. 213.32 lakhs only. When the assessee carried the matter before the Ld. CIT (A), the Ld. CIT (A) directed the A.O. to consider unabsorbed depreciation and business losses together for all the years for computing the book profit u/s. 115JB and while giving direction to the A.O., the Ld. CIT (A) has followed the Tribunal decision in the case of Amline Textiles (P) Ltd.(supra). As per this ....