East Delhi Waste Processing Company Pvt. Ltd. Vs. DCIT
Case No: ITA No. 3463/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/16/2026
Parties Involved
appellantEast Delhi Waste Processing Company Pvt. Ltd.
respondentDCIT, Circle-7(1), Delhi
Facts Summary
The assessee, East Delhi Waste Processing Company Pvt. Ltd., is a subsidiary involved in waste processing and energy generation. The case pertains to the assessment year 2021-22. The assessee filed its return of income on 15.03.2022 declaring a total income of Rs. 6,90,58,415/-. The assessee claimed brought forward losses and unabsorbed depreciation. The Assessing Officer processed the return setting off the income against unabsorbed depreciation instead of brought forward business losses. The a…
Decision in favour of
Assessee
Legal Issues
- 1. Set off of income against unabsorbed depreciation vs. brought forward business losses.
- 2. Addition made u/s 41(1) of the Act.