https://www.taxtmi.com/caselaws?id=62824 The appeals were dismissed as the tribunal upheld the strict application of Section 80 of the Income-tax Act, 1961, requiring compliance with the conditions of filing a return and determining losses for set off eligibility. The assessees' failure to file returns within the prescribed time rendered them ineligible to claim the set off of losses, despite arguments based on firm assessments. The tribunal emphasized the need to adhere to statutory provisions, leading to the denial of the set off claims and the dismissal of the appeals. en-us Fri, 27 Feb 1987 00:00:00 +0530 Sat, 22 Jan 2011 11:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62824 The appeals were dismissed as the tribunal upheld the strict application of Section 80 of the Income-tax Act, 1961, requiring compliance with the conditions of filing a return and determining losses for set off eligibility. The assessees' failure to file returns within the prescribed time rendered them ineligible to claim the set off of losses, despite arguments based on firm assessments. The tribunal emphasized the need to adhere to statutory provisions, leading to the denial of the set off claims and the dismissal of the appeals. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62824