https://www.taxtmi.com/caselaws?id=276010 The High Court interpreted Finance Department's Notification No. 878-F, ruling that deductions for unabsorbed irrecoverable rent are limited to one year and cannot be carried forward to subsequent years. The Court emphasized that relief is restricted to the extent of a year's rent and cannot be accumulated over multiple years. Consequently, the Court dismissed the petitions, denying the carrying forward of unabsorbed irrecoverable rent and awarded costs to the department. en-us Wed, 31 Jul 1963 00:00:00 +0530 Thu, 25 Oct 2018 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276010 The High Court interpreted Finance Department's Notification No. 878-F, ruling that deductions for unabsorbed irrecoverable rent are limited to one year and cannot be carried forward to subsequent years. The Court emphasized that relief is restricted to the extent of a year's rent and cannot be accumulated over multiple years. Consequently, the Court dismissed the petitions, denying the carrying forward of unabsorbed irrecoverable rent and awarded costs to the department. Case-Laws Income Tax Wed, 31 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276010