https://www.taxtmi.com/caselaws?id=215793 The Tribunal allowed the appeal for statistical purposes, directing the CIT(A) to reconsider the issue of setting off a business loss against property income for the assessment year 2006-07. The Tribunal emphasized the need for a proper adjudication of the grounds raised by the appellant, highlighting the failure of the Revenue authorities to provide clarity on the disallowance of the set off. The CIT(A) was instructed to reevaluate the appeal in accordance with the provisions of Sections 71 and 72 of the Income Tax Act, ensuring the appellant's right to a fair hearing and submission of necessary details. en-us Thu, 28 Jun 2012 00:00:00 +0530 Sat, 18 Aug 2012 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215793 The Tribunal allowed the appeal for statistical purposes, directing the CIT(A) to reconsider the issue of setting off a business loss against property income for the assessment year 2006-07. The Tribunal emphasized the need for a proper adjudication of the grounds raised by the appellant, highlighting the failure of the Revenue authorities to provide clarity on the disallowance of the set off. The CIT(A) was instructed to reevaluate the appeal in accordance with the provisions of Sections 71 and 72 of the Income Tax Act, ensuring the appellant's right to a fair hearing and submission of necessary details. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215793