Smallness of amount of additions vis-a-vis returned loss is a bonafide explanation

Balaji Motion Pictures Ltd. Vs. DCIT (ITAT Mumbai)

The assessee has given an explanation that keeping in view smallness of the amount being addition of Rs. 2,16,441/- and also keeping in view that the assessee had claimed a loss of more than of Rs. 9 crores in the return of income filed with the Revenue and in any case no taxes were payable even after the additions of Rs. 2,16,441/- as were made by Revenue due to huge assessed loss, the assessee submitted that it chose not to file any appeal before app

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