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DELHI HIGH COURT
MANMOHAN, MANMEET PRITAM SINGH ARORA
MUFG Bank, Ltd. – Appellant
Versus
Assistant Commissioner of Income Tax, Circle 2(2)(1), International Taxation, Delhi – Respondent


Table of Content
1. right to carry forward losses under income tax act. (Para 1 , 2)
2. failure of respondents to comply with tribunal's order. (Para 3 , 4)
3. respondents are processing tribunal's order. (Para 5)
4. court's directive for compliance by respondents. (Para 6 , 7)

JUDGMENT

Manmohan, J.:

C.M.No.44719/2022

Allowed, subject to all just exceptions

Accordingly, the application stands disposed of.

W.P.(C) 14586/2022

1. Present writ petition has been filed seeking a direction to the Respondents to pass the order giving effect to the order of the Income tax Appellate Tribunal (`Tribunal') dated 13th September 2019 as well as computing the losses for the Assessment Year 2000-01 to be carried forward to subsequent year(s) and pass the order for the Assessment Year 2005-06 setting off the losses and issue consequential refund along with interest under section 244A(1) and additional interest under section 244(1A) of the Income Tax Act, 1961 (`the Act').

2. Learned counsel for the Petitioner states that the Petitioner is entitled to carry forward losses (including unabsorbed depreciation) amounting to Rs. 38,73,42,584/- for the Assessment Year 2000-01 to the subsequent year(s) by v

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