https://www.taxtmi.com/caselaws?id=272124 The Tribunal ruled in favor of the assessee on both issues. It held that the forfeited amount from warrant/share application money is a capital receipt not liable to tax, following precedents. Additionally, it decided that losses from earlier years should not be brought forward for deduction computation under section 80IA, in line with established principles. The Revenue's appeal was dismissed, affirming the CIT(A)'s decisions. en-us Wed, 24 Feb 2016 00:00:00 +0530 Thu, 25 Feb 2016 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272124 The Tribunal ruled in favor of the assessee on both issues. It held that the forfeited amount from warrant/share application money is a capital receipt not liable to tax, following precedents. Additionally, it decided that losses from earlier years should not be brought forward for deduction computation under section 80IA, in line with established principles. The Revenue's appeal was dismissed, affirming the CIT(A)'s decisions. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272124