https://www.taxtmi.com/caselaws?id=64964 The appeals for the assessment years 1978-79 and 1979-80 were dismissed, confirming that the Assessing Officer was not required to complete the assessment if satisfied that no income had escaped assessment. Regarding the assessment year 1984-85, the Tribunal held that unabsorbed depreciation could not be carried forward due to the absence of valid returns and assessments for the preceding years. The decisions were in line with legal precedents and statutory provisions, emphasizing the consequences of late filing and the impact on entitlements such as loss determination and carry forward provisions. en-us Tue, 25 Feb 1992 00:00:00 +0530 Fri, 11 Feb 2011 13:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64964 The appeals for the assessment years 1978-79 and 1979-80 were dismissed, confirming that the Assessing Officer was not required to complete the assessment if satisfied that no income had escaped assessment. Regarding the assessment year 1984-85, the Tribunal held that unabsorbed depreciation could not be carried forward due to the absence of valid returns and assessments for the preceding years. The decisions were in line with legal precedents and statutory provisions, emphasizing the consequences of late filing and the impact on entitlements such as loss determination and carry forward provisions. Case-Laws Income Tax Tue, 25 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64964