DRP’s power to ‘enhance’ confined to issues raised in draft assessment order. ‘Future losses’ allowable as deduction

Dredging International NV Vs ADIT (ITAT Mumbai)- The arguments are that the assessee has already shown the revenue receipt, i.e. work-in-progress at Rs. 19,83,63,908/- which was more than the contract receipts determined by the DRP at Rs. 13,12,94,847/- and so the question of estimating revenue on the amount as directed by the DRP does not arise as contested in ground No. 3. Further, since assessee claimed the future loss of Rs. 32,86,17,293/- and this future loss was proposed to be disallowed by the A.O. in the draft assessment order, the DRP

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