https://www.taxtmi.com/caselaws?id=9901 The High Court ruled in favor of the assessee, allowing the carrying forward of business loss without a formal extension of time for filing the return. Additionally, the court permitted depreciation and investment allowance without deducting the subsidy amount, following the Supreme Court precedent. The reference was disposed of with no order as to costs. en-us Thu, 27 Apr 2006 00:00:00 +0530 Thu, 02 Jul 2009 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9901 The High Court ruled in favor of the assessee, allowing the carrying forward of business loss without a formal extension of time for filing the return. Additionally, the court permitted depreciation and investment allowance without deducting the subsidy amount, following the Supreme Court precedent. The reference was disposed of with no order as to costs. Case-Laws Income Tax Thu, 27 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9901