https://www.taxtmi.com/caselaws?id=238186 The High Court held that the Revenue's appeal should not be dismissed solely due to the assessee's negative income. The computation of loss is crucial for future assessments, and CBDT circulars do not prohibit appeals in such cases. The Court allowed all tax appeals, set aside the Tribunal's judgments, and remanded the cases for a decision on merits, directing the Tribunal to consider the appeals properly and issue notices to the assessees. en-us Mon, 09 May 2011 00:00:00 +0530 Fri, 18 Oct 2013 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238186 The High Court held that the Revenue's appeal should not be dismissed solely due to the assessee's negative income. The computation of loss is crucial for future assessments, and CBDT circulars do not prohibit appeals in such cases. The Court allowed all tax appeals, set aside the Tribunal's judgments, and remanded the cases for a decision on merits, directing the Tribunal to consider the appeals properly and issue notices to the assessees. Case-Laws Income Tax Mon, 09 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238186