https://www.taxtmi.com/caselaws?id=359411 The Tribunal dismissed all appeals by the Revenue against the CIT(A) order for the assessment years 2005-06, 2006-07, and 2007-08 under the IT Act. The Tribunal directed the AO to grant relief to the appellant in accordance with the Bombay High Court decision, emphasizing that losses from the pension business, even if income is exempt, should be allowed to be carried forward and set off. The Tribunal held that the AO should have followed the High Court decision, affirming the direction given by the CIT(A) and ruling in the assessee's case. en-us Wed, 25 Apr 2018 00:00:00 +0530 Thu, 24 May 2018 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359411 The Tribunal dismissed all appeals by the Revenue against the CIT(A) order for the assessment years 2005-06, 2006-07, and 2007-08 under the IT Act. The Tribunal directed the AO to grant relief to the appellant in accordance with the Bombay High Court decision, emphasizing that losses from the pension business, even if income is exempt, should be allowed to be carried forward and set off. The Tribunal held that the AO should have followed the High Court decision, affirming the direction given by the CIT(A) and ruling in the assessee's case. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359411