https://www.taxtmi.com/caselaws?id=8829 The High Court upheld the Income-tax Appellate Tribunal's decision, denying the assessee's entitlement to carry forward the claimed shortfall of Rs. 2,11,574 for the assessment year 1963-64. The court emphasized the distinction between deductions and exemptions under section 84 of the Income-tax Act, highlighting the legislative intent behind its deletion and replacement with section 80J. Ultimately, the court ruled against the assessee, directing them to pay the costs of the reference. en-us Thu, 24 Aug 1972 00:00:00 +0530 Thu, 04 Jun 2009 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8829 The High Court upheld the Income-tax Appellate Tribunal's decision, denying the assessee's entitlement to carry forward the claimed shortfall of Rs. 2,11,574 for the assessment year 1963-64. The court emphasized the distinction between deductions and exemptions under section 84 of the Income-tax Act, highlighting the legislative intent behind its deletion and replacement with section 80J. Ultimately, the court ruled against the assessee, directing them to pay the costs of the reference. Case-Laws Income Tax Thu, 24 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8829