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Loss set off U/s. 70 & 71 not permissible against income disclosed during survey
Case Law Details
- Case Name
- M/s Liberty Plywood (P.) Ltd. Vs A.C.I.T. (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 06
- Courts
- All ITAT, ITAT Chandigarh
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IN THE ITAT CHANDIGARH BENCH ‘A’
Liberty Plywood (P.) Ltd.
Versus
Assistant Commissioner of Income-tax
IT APPEAL NO. 727 (CHD.) OF 2012
[ASSESSMENT YEAR 2005-06]
DECEMBER 17, 2012
ORDER
T.R. Sood, Accountant Member
This appeal is directed against the order passed by the ld. CIT(A), Panchkula dated 1.5.2012.
2. In this appeal the assessee has raised the following grounds:
“1 That the ld. CIT(A) has erred in law and facts in confirming the tax ability of income surrendered during survey u/s 133A of Income-tax Act, 1961 as deemed income as per the following deta...





