https://www.taxtmi.com/caselaws?id=66773 The Tribunal held that the Income Tax Officer (ITO) was obligated to consider the assessment records of the previous year and allow the set off of losses from 1979-80 against the income of 1980-81. The decision emphasized the duty of tax authorities to assist taxpayers in claiming entitled reliefs. As a result, the order of the CIT(A) was overturned, directing the ITO to verify the assessment records of the assessee for 1979-80 and permit the set off of losses from the total income of the assessment year 1980-81, subject to conditions under section 72. en-us Mon, 21 Mar 1988 00:00:00 +0530 Mon, 07 Mar 2011 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66773 The Tribunal held that the Income Tax Officer (ITO) was obligated to consider the assessment records of the previous year and allow the set off of losses from 1979-80 against the income of 1980-81. The decision emphasized the duty of tax authorities to assist taxpayers in claiming entitled reliefs. As a result, the order of the CIT(A) was overturned, directing the ITO to verify the assessment records of the assessee for 1979-80 and permit the set off of losses from the total income of the assessment year 1980-81, subject to conditions under section 72. Case-Laws Income Tax Mon, 21 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66773