https://www.taxtmi.com/caselaws?id=68194 The Tribunal dismissed the Department's appeals and partially allowed the assessee's appeal, directing the AO to allow the claim for carrying forward losses to the succeeding year. The CIT(A) deleted trading additions for excessive wastage claimed by the assessee based on the maintenance of regular books of accounts and strict vigilance by the excise department, concluding that the accounts were correct and complete. The Tribunal allowed the claim for carry forward of losses for assessment year 1986-87, emphasizing that the return was filed within the extended period granted after a request on Form No. VI. en-us Tue, 08 Sep 1998 00:00:00 +0530 Thu, 17 Mar 2011 15:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68194 The Tribunal dismissed the Department's appeals and partially allowed the assessee's appeal, directing the AO to allow the claim for carrying forward losses to the succeeding year. The CIT(A) deleted trading additions for excessive wastage claimed by the assessee based on the maintenance of regular books of accounts and strict vigilance by the excise department, concluding that the accounts were correct and complete. The Tribunal allowed the claim for carry forward of losses for assessment year 1986-87, emphasizing that the return was filed within the extended period granted after a request on Form No. VI. Case-Laws Income Tax Tue, 08 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68194