https://www.taxtmi.com/caselaws?id=250737 The Income-tax Appellate Tribunal was justified in allowing rectification of subsequent orders without rectifying the initial order. The Tribunal confirmed the action of the authorities in disallowing the set off of capital loss for the assessment year 1996-97 in the following year due to non-compliance with filing requirements. The court held that the assessee was not entitled to carry forward and set off the capital loss in subsequent years as the return was not filed within the specified time. Consequently, the appeals were dismissed against the assessee. en-us Mon, 24 Feb 2014 00:00:00 +0530 Sat, 23 Aug 2014 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250737 The Income-tax Appellate Tribunal was justified in allowing rectification of subsequent orders without rectifying the initial order. The Tribunal confirmed the action of the authorities in disallowing the set off of capital loss for the assessment year 1996-97 in the following year due to non-compliance with filing requirements. The court held that the assessee was not entitled to carry forward and set off the capital loss in subsequent years as the return was not filed within the specified time. Consequently, the appeals were dismissed against the assessee. Case-Laws Income Tax Mon, 24 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250737