https://www.taxtmi.com/caselaws?id=7091 An income-tax order passed after notice and hearing was not a completed assessment under section 23(1) of the Income-tax Act, 1922, because it was not an ex parte determination. Read in substance and context, however, the order accepted the assessee's returned loss and computed that loss for the relevant year. On that footing, the loss was treated as determined for carry-forward purposes, entitling the assessee to carry the loss forward to the subsequent year. en-us Tue, 07 Mar 1967 00:00:00 +0530 Sun, 08 Feb 2009 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7091 An income-tax order passed after notice and hearing was not a completed assessment under section 23(1) of the Income-tax Act, 1922, because it was not an ex parte determination. Read in substance and context, however, the order accepted the assessee's returned loss and computed that loss for the relevant year. On that footing, the loss was treated as determined for carry-forward purposes, entitling the assessee to carry the loss forward to the subsequent year. Case-Laws Income Tax Tue, 07 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7091