https://www.taxtmi.com/caselaws?id=16317 The court ruled in favor of the assessee, allowing the carry forward and set off of losses of an unregistered firm against the income of a partner in a registered firm. The judgment emphasized the inclusive interpretation of the term "firm" in the Income-tax Act and relied on relevant precedents to support the decision. The court distinguished conflicting judgments and aligned with interpretations from various High Courts, providing clarity on the application of tax laws in similar scenarios. en-us Wed, 23 Sep 1998 00:00:00 +0530 Sat, 05 Sep 2009 18:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16317 The court ruled in favor of the assessee, allowing the carry forward and set off of losses of an unregistered firm against the income of a partner in a registered firm. The judgment emphasized the inclusive interpretation of the term "firm" in the Income-tax Act and relied on relevant precedents to support the decision. The court distinguished conflicting judgments and aligned with interpretations from various High Courts, providing clarity on the application of tax laws in similar scenarios. Case-Laws Income Tax Wed, 23 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16317