Vraj and Vraj Construction v. ACIT, Cir. Jamnagar, Jamnagar
[Citation -2019-LL-0820-19]
| Citation | 2019-LL-0820-19 |
|---|---|
| Appellant Name | Vraj and Vraj Construction |
| Respondent Name | ACIT, Cir. Jamnagar, Jamnagar |
| Court | ITAT-Rajkot |
| Relevant Act | Income-tax |
| Date of Order | 20/08/2019 |
| Assessment Year | 1991-92 |
| Judgment | View Judgment |
| Keyword Tags | construction activity • net profit • error in order • set-off against profits • set off of business loss • rectification application |
| Bot Summary: | Application is directed at the instance of the assessee pointing out apparent error in the order of the Tribunal dated 19.11.2008 passed in ITA No.3799/Ahd/1996. It merges out from the record that the assessee at the relevant time was engaged in civil construction work. In order to set off profit in the construction activity, the assessee has claimed loss in garlic trade. By way of present MA, the assessee has made effort to get the order of the Tribunal reviewed by contending that evidence relied upon by the Tribunal is the statement of certain witnesses which was recorded from the back of the assessee. Represenatives, we have gone through the record carefully. A perusal of the record would show that the Tribunal has gone through all the material facts before concurring with the conclusions of the Revenue authorities on the issue. We do not find any apparent error in the order of the Tribunal, hence application of the assessee is dismissed. |