ITAT Allows losses which were disallowed due to incorrect comprehension of Section 43(6) provisions

DCIT Vs Bharti Realty Holdings Ltd (ITAT Delhi)

Introduction: The recent case of DCIT Vs Bharti Realty Holdings Ltd, brought before the Income Tax Appellate Tribunal (ITAT) Delhi, revolves around the allowance of losses that were initially disallowed. This disallowance stemmed from an alleged incorrect comprehension of Section 43(6) provisions. The appeal, directed against the Commissioner of Income Tax (Appeals)-2, New Delhi’s order for the Assessment Year 2016-17, prompted a detailed examination by t

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