https://www.taxtmi.com/caselaws?id=12020 The court dismissed the appeal, ruling that the appellant federation cannot carry forward and set off losses from the merged co-operative societies. The court found that the statutory provisions do not support allowing the losses to be set off, as the merged societies and the appellant federation are not considered the same assessee. The court upheld the decision of the Income-tax Appellate Tribunal, denying the benefit of carrying forward and setting off losses against the income of the appellant federation. en-us Thu, 19 Sep 2002 00:00:00 +0530 Sun, 14 Feb 2010 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12020 The court dismissed the appeal, ruling that the appellant federation cannot carry forward and set off losses from the merged co-operative societies. The court found that the statutory provisions do not support allowing the losses to be set off, as the merged societies and the appellant federation are not considered the same assessee. The court upheld the decision of the Income-tax Appellate Tribunal, denying the benefit of carrying forward and setting off losses against the income of the appellant federation. Case-Laws Income Tax Thu, 19 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12020