Notification No. 12/97-Customs(N.T.) amendment adds Malur Inland Container Depot in Karnataka to authorized locations for import unloading and export ...
Page of 4826
Press 'Enter' after typing page number.
9801 to 9820 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT set aside the assessment and remanded the matter to the AO for de novo verification and adjudication. The AO is directed to verify the assessee's earlier returns and records and, if substantiated and legally allowable, permit carry-forward and set-off of unabsorbed business losses within the eight-year period under s.72(3); to verify and, if permissible, allow adjustment of unabsorbed depreciation against profits under s.32(2); and to examine the s.43B disallowance claim, noting the assessee's contention that the amount was already added back in the return, and grant consequential relief if established. The AO shall afford the assessee a proper opportunity of hearing before completing reassessment.
The ITAT set aside the assessment and remanded the matter to the AO for de novo verification and adjudication. The AO is directed to verify the assessee's earlier returns and records and, if substantiated and legally allowable, permit carry-forward and set-off of unabsorbed business losses within the eight-year period under s.72(3); to verify and, if permissible, allow adjustment of unabsorbed depreciation against profits under s.32(2); and to examine the s.43B disallowance claim, noting the assessee's contention that the amount was already added back in the return, and grant consequential relief if established. The AO shall afford the assessee a proper opportunity of hearing before completing reassessment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
