https://www.taxtmi.com/caselaws?id=69586 The case involved the computation of set off of previous years' business loss for the assessment year 1991-92 and the interpretation of sections 115J(1) and 115J(2) of the Income Tax Act. The Tribunal ruled in favor of the assessee, emphasizing that section 115J(2) safeguards the assessee's rights regarding carry forward and set off of business losses, independent of the limited role of section 115J(1. The Assessing Officer was directed to recompute the total income for the assessment year 1991-92 based on the assessee's contentions. en-us Tue, 25 Jul 1995 00:00:00 +0530 Thu, 07 Apr 2011 17:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69586 The case involved the computation of set off of previous years' business loss for the assessment year 1991-92 and the interpretation of sections 115J(1) and 115J(2) of the Income Tax Act. The Tribunal ruled in favor of the assessee, emphasizing that section 115J(2) safeguards the assessee's rights regarding carry forward and set off of business losses, independent of the limited role of section 115J(1. The Assessing Officer was directed to recompute the total income for the assessment year 1991-92 based on the assessee's contentions. Case-Laws Income Tax Tue, 25 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69586