{"id":2799,"date":"2018-11-01T13:43:15","date_gmt":"2018-11-01T13:43:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/hbn-dairies-allied-ltd-v-acit-2018-172-itd-43-tm-delhi-trib\/"},"modified":"2019-04-20T12:46:55","modified_gmt":"2019-04-20T12:46:55","slug":"hbn-dairies-allied-ltd-v-acit-2018-172-itd-43-tm-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hbn-dairies-allied-ltd-v-acit-2018-172-itd-43-tm-delhi-trib\/","title":{"rendered":"HBN Dairies &#038; Allied Ltd.  v. ACIT  (2018) 172 ITD 43 \/ 170 DTR 273\/ 195 TTJ 969  ( TM ) (Delhi)   (Trib.)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>In response to notice u\/s 153A\u00a0\u00a0the \u00a0assessee filed returns for earlier years in which it claimed set-off of brought forward losses . AO rejected assessee&#8217;s claim on ground that claim of various expenses in those returns was not verifiable \u00a0. CIT(A) allowed the claim of assessee. There was difference of opinion amongst members and the matter was referred to third member. The Question referred was \u201c whether on the facts and in the circumstances of the case and as per law , the\u00a0 learned CIT(Appeals)\u00a0 was justified in up holding the additions made by the AO for the years of completed assessments , which were not based on any incriminating material found during the course of search relating to such years and consequently denying the benefit of carry forward and set off of the resultant loss in subsequent year ? \u201c<\/p>\n<p>Third member held that since no incriminating material was found during course of search in respect of expenses claimed as deduction, assessee&#8217;s claim for set-off of brought forward loss was to be allowed .( AY. 2005 -06 , 2006 -07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment \u2013 Search- Set -off of brought forward loss- No incriminating material was found in course of search relating to those expenses, claim raised by assessee was to be allowed. [ S.132 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2799","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-J9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2799"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2799\/revisions"}],"predecessor-version":[{"id":5000,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2799\/revisions\/5000"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}