https://www.taxtmi.com/forum/issue?id=979 Carry forward losses must be taken into account when computing taxable income; an assessing officer should allow set off or carry forward of past losses and is expected to intimate the assessee about carrying forward losses. In practice AO may omit such adjustment and raise demands, requiring the assessee to seek rectification or pursue appeal/revision to secure the proper carry forward and set off. The document notes calls for officer accountability for wrongful orders. en-us Tue, 16 Dec 2008 11:41:36 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=979 Carry forward losses must be taken into account when computing taxable income; an assessing officer should allow set off or carry forward of past losses and is expected to intimate the assessee about carrying forward losses. In practice AO may omit such adjustment and raise demands, requiring the assessee to seek rectification or pursue appeal/revision to secure the proper carry forward and set off. The document notes calls for officer accountability for wrongful orders. Discussion-Forum Income Tax Tue, 16 Dec 2008 11:41:36 +0530 https://www.taxtmi.com/forum/issue?id=979