2011 (6) TMI 1047

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....dia 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 the appeal filed by the Revenue. Grounds raise....

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.... 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 A.O. had noted that the assessee has claimed cumulative figures....

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....ter 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 Tribunal decision, aggregate amount of loss brought forward or ....