ITAT Restores Matter to CIT(A) for Fresh Order with Liberty to File Additional Evidence

Gabriel India Limited Vs DCIT (ITAT Mumbai)

The Income Tax Appellate Tribunal (ITAT) Mumbai has remanded the case of Gabriel India Limited v. DCIT for the second time, concerning an addition of Rs. 72,15,983 made by the Assessing Officer (AO) for Assessment Year 2011-12. The dispute revolves around Gabriel India’s claim to treat capital work-in-progress, specifically related to the abandoned Singur plant, as a business loss under Section 28 of the Income-Tax Act, 1961.

Gabriel India initially filed its return for A.Y. 2011-12 declaring an income of Rs. 34.95 crore, lat

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