https://www.taxtmi.com/caselaws?id=213626 The tribunal partially allowed the appeals for statistical purposes, addressing the issues of cash payment addition for the car purchase and the disallowance of set off of brought forward business losses for both A.Y. 2002-03 and A.Y. 2007-08. The judgments emphasized the legal requirements for loss set offs and directed the AO to reevaluate the matters in accordance with the law and after providing the appellant with a reasonable opportunity to present their case. en-us Tue, 25 Oct 2011 00:00:00 +0530 Wed, 01 Aug 2012 00:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213626 The tribunal partially allowed the appeals for statistical purposes, addressing the issues of cash payment addition for the car purchase and the disallowance of set off of brought forward business losses for both A.Y. 2002-03 and A.Y. 2007-08. The judgments emphasized the legal requirements for loss set offs and directed the AO to reevaluate the matters in accordance with the law and after providing the appellant with a reasonable opportunity to present their case. Case-Laws Income Tax Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213626