https://www.taxtmi.com/caselaws?id=71321 The tribunal ruled in favor of the public sector undertaking owned by the Government of Maharashtra in a challenge to the correctness of the CIT(A)'s order on assessment for the assessment year 2003-04. The tribunal held that the IT return, signed by the Chief Accounts and Finance of the Corporation, was valid under section 140(c) of the Income-tax Act. Consequently, the loss incurred by the assessee was deemed eligible for carry forward and set off against future incomes. The tribunal set aside the CIT(A)'s decision, determining that the assessment by the Assessing Officer was time-barred, leading to the acceptance of the income returned by the assessee. en-us Mon, 30 Jun 2008 00:00:00 +0530 Tue, 07 Aug 2012 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71321 The tribunal ruled in favor of the public sector undertaking owned by the Government of Maharashtra in a challenge to the correctness of the CIT(A)'s order on assessment for the assessment year 2003-04. The tribunal held that the IT return, signed by the Chief Accounts and Finance of the Corporation, was valid under section 140(c) of the Income-tax Act. Consequently, the loss incurred by the assessee was deemed eligible for carry forward and set off against future incomes. The tribunal set aside the CIT(A)'s decision, determining that the assessment by the Assessing Officer was time-barred, leading to the acceptance of the income returned by the assessee. Case-Laws Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71321