https://www.taxtmi.com/caselaws?id=183591 The ITAT dismissed the revenue's appeals and allowed the cross objections, affirming the CIT(A)'s direction to allow set off of brought forward capital expenditure and operating loss, and the carry forward of excess capital expenditure, in line with the Bombay High Court's decision in CIT v. Institute of Banking. en-us Fri, 25 Apr 2008 00:00:00 +0530 Wed, 15 Jun 2016 15:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183591 The ITAT dismissed the revenue's appeals and allowed the cross objections, affirming the CIT(A)'s direction to allow set off of brought forward capital expenditure and operating loss, and the carry forward of excess capital expenditure, in line with the Bombay High Court's decision in CIT v. Institute of Banking. Case-Laws Income Tax Fri, 25 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183591