AdvertisementCIT Vs Bharti Airtel Limited (Delhi High Court) The Delhi High Court dismissed the Revenue’s appeal for Assessment Year 2005-06 in view of the Supreme Court’s decision in Commissioner of Income Tax versus Alagendran Finance Limited, (2007) 293 ITR 1 (SC). The assessee’s return was originally assessed under Section 143(3) on 31 December 2007 after setting off brought forward losses and unabsorbed depreciation. An order under Section 154 read with Section 143(3) dated 7 March 2008 subsequently assessed income under the normal provisions as nil and determined book profits under ...