https://www.taxtmi.com/caselaws?id=62328 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to permit the carry forward of the determined loss for future set-off as the revised return filed within the extended deadline was deemed valid. The Tribunal dismissed the disallowance of prior period expenses of Rs. 6 lakhs as the assessee did not press the ground. Regarding the disallowance of expenses amounting to Rs. 2,49,953 pertaining to the prior period, the Tribunal set aside the CIT (Appeals) decision, instructing the Assessing Officer to reexamine the issue with proper verification and opportunity for the assessee to present evidence. en-us Wed, 24 Jan 2007 00:00:00 +0530 Wed, 12 Jun 2013 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62328 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to permit the carry forward of the determined loss for future set-off as the revised return filed within the extended deadline was deemed valid. The Tribunal dismissed the disallowance of prior period expenses of Rs. 6 lakhs as the assessee did not press the ground. Regarding the disallowance of expenses amounting to Rs. 2,49,953 pertaining to the prior period, the Tribunal set aside the CIT (Appeals) decision, instructing the Assessing Officer to reexamine the issue with proper verification and opportunity for the assessee to present evidence. Case-Laws Income Tax Wed, 24 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62328