https://www.taxtmi.com/caselaws?id=242437 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reduce Rs. 140,46,06,586/- from the addition made under Section 41(1) for A.Y. 2002-03. The Tribunal found that as the assessee had not received any tax benefit from the incurred losses, Section 41(1) could not be applied to that extent. This amount was to be deducted from the total rebate of Rs. 541.80 crores brought to tax. The Tribunal's decision on other grounds remained unchanged. en-us Fri, 31 May 2013 00:00:00 +0530 Wed, 15 Jan 2014 10:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242437 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reduce Rs. 140,46,06,586/- from the addition made under Section 41(1) for A.Y. 2002-03. The Tribunal found that as the assessee had not received any tax benefit from the incurred losses, Section 41(1) could not be applied to that extent. This amount was to be deducted from the total rebate of Rs. 541.80 crores brought to tax. The Tribunal's decision on other grounds remained unchanged. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242437