https://www.taxtmi.com/caselaws?id=276370 The court upheld the provisional assessments made under Section 141 of the Income-tax Act, 1961, dismissing the writ petitions challenging them. It found that the Income-tax Officer acted within his jurisdiction and correctly applied the law, including Section 80, which restricts the carry-forward of undetermined losses. The court distinguished between provisional and regular assessments, emphasizing that penalties could be appealed separately. The parties were directed to bear their own costs. en-us Tue, 20 Apr 1965 00:00:00 +0530 Thu, 08 Nov 2018 12:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276370 The court upheld the provisional assessments made under Section 141 of the Income-tax Act, 1961, dismissing the writ petitions challenging them. It found that the Income-tax Officer acted within his jurisdiction and correctly applied the law, including Section 80, which restricts the carry-forward of undetermined losses. The court distinguished between provisional and regular assessments, emphasizing that penalties could be appealed separately. The parties were directed to bear their own costs. Case-Laws Income Tax Tue, 20 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276370