https://www.taxtmi.com/caselaws?id=179726 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the AO's appeals for both AY 2003-04 and AY 2005-06. The Tribunal affirmed the treatment of loss as business loss for carry forward, the deduction of interest expenditure as business expenditure, and found the service of notice u/s 143(2) invalid due to incorrect address and unauthorized receipt. The importance of proper notice service for assessment proceedings was emphasized by the Tribunal, leading to the dismissal of the AO's appeals and allowing the assessee's cross-objections. en-us Wed, 03 Oct 2012 00:00:00 +0530 Tue, 08 Mar 2016 18:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179726 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the AO's appeals for both AY 2003-04 and AY 2005-06. The Tribunal affirmed the treatment of loss as business loss for carry forward, the deduction of interest expenditure as business expenditure, and found the service of notice u/s 143(2) invalid due to incorrect address and unauthorized receipt. The importance of proper notice service for assessment proceedings was emphasized by the Tribunal, leading to the dismissal of the AO's appeals and allowing the assessee's cross-objections. Case-Laws Income Tax Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179726