https://www.taxtmi.com/caselaws?id=70441 The appeal for the assessment year 1985-86 was dismissed with an observation for further verification, while the appeal for the assessment year 1986-87 was allowed, directing the carry forward of loss for set off in compliance with the law. The ITAT set aside the CIT (Appeals) order for 1986-87, instructing the Assessing Officer to permit the carry forward of losses based on the assessee's application for extensions of time and alignment with legal precedents. en-us Wed, 31 May 1995 00:00:00 +0530 Sat, 16 Apr 2011 11:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70441 The appeal for the assessment year 1985-86 was dismissed with an observation for further verification, while the appeal for the assessment year 1986-87 was allowed, directing the carry forward of loss for set off in compliance with the law. The ITAT set aside the CIT (Appeals) order for 1986-87, instructing the Assessing Officer to permit the carry forward of losses based on the assessee's application for extensions of time and alignment with legal precedents. Case-Laws Income Tax Wed, 31 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70441