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Loss due to Recession in Software Industry after 9/11 incident cannot be ignored in computing ALP
Case Law Details
- Case Name
- Infobahn Technologies Ltd. Vs Deputy Commissioner of Income-tax (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002-03
- Courts
- All ITAT, ITAT Hyderabad
IN THE ITAT HYDERABAD BENCH ‘B’
Infobahn Technologies Ltd.
versus
Deputy Commissioner of Income-tax
IT Appeal No. 962 (Hyd.) of 2003
[Assessment year 2002-03]
August 6, 2012
ORDER
Saktijit Dey, Judicial Member
This appeal filed by the assessee is directed against order dated 8-9-2006 of CIT (A)-III, Hyderabad passed in ITA No.15/DC2(1)/CIT(A)-III/05-06 and it pertains to the assessment year 2002-03.
2. Though the assessee has raised 9 grounds, learned AR for the assessee at the outset submitted he wants to argue on ground Nos. 6(a) and 6(b) only. Considering the submissions of t...
