https://www.taxtmi.com/caselaws?id=10430 The court held in favor of the assessee, ruling that they were entitled to carry forward the business loss as the return was filed within the extended time presumed to have been granted. The Tribunal's decision was overturned due to its failure to apply the correct legal principles and provide a reasoned order. The court emphasized the importance of adhering to judicial precedent and providing clear reasoning in decisions. en-us Sat, 15 Mar 2003 00:00:00 +0530 Wed, 15 Jul 2009 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10430 The court held in favor of the assessee, ruling that they were entitled to carry forward the business loss as the return was filed within the extended time presumed to have been granted. The Tribunal's decision was overturned due to its failure to apply the correct legal principles and provide a reasoned order. The court emphasized the importance of adhering to judicial precedent and providing clear reasoning in decisions. Case-Laws Income Tax Sat, 15 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10430