https://www.taxtmi.com/caselaws?id=68225 The Tribunal dismissed the Department's appeal, upholding the validity of the return filed on 29th Dec., 1989, allowing the carry forward of the assessed loss. Additionally, the income of Rs. 13,91,500 was deleted as it was deemed not taxable compensation, and the addition of Rs. 38,67,117 representing export incentive income was also deleted as hypothetical income not realized. The Tribunal affirmed the CIT(A)'s decisions on all grounds, ultimately dismissing the Department's appeal. en-us Thu, 08 Sep 2005 00:00:00 +0530 Fri, 06 Jul 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68225 The Tribunal dismissed the Department's appeal, upholding the validity of the return filed on 29th Dec., 1989, allowing the carry forward of the assessed loss. Additionally, the income of Rs. 13,91,500 was deleted as it was deemed not taxable compensation, and the addition of Rs. 38,67,117 representing export incentive income was also deleted as hypothetical income not realized. The Tribunal affirmed the CIT(A)'s decisions on all grounds, ultimately dismissing the Department's appeal. Case-Laws Income Tax Thu, 08 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68225