https://www.taxtmi.com/caselaws?id=68443 The Tribunal upheld the CIT(A)'s decision, allowing the assessee to carry forward and set off losses and depreciation from the assessment year 1989-90 onwards. It determined that the return filed for the assessment year 1989-90 was valid, rejecting the Revenue's arguments against the allowance of set off benefits. The Tribunal emphasized the significance of valid returns and legal compliance, directing the assessee to provide complete audited accounts and confirming the timely filing of the return. en-us Thu, 18 Oct 2001 00:00:00 +0530 Wed, 30 Mar 2011 09:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68443 The Tribunal upheld the CIT(A)'s decision, allowing the assessee to carry forward and set off losses and depreciation from the assessment year 1989-90 onwards. It determined that the return filed for the assessment year 1989-90 was valid, rejecting the Revenue's arguments against the allowance of set off benefits. The Tribunal emphasized the significance of valid returns and legal compliance, directing the assessee to provide complete audited accounts and confirming the timely filing of the return. Case-Laws Income Tax Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68443