https://www.taxtmi.com/caselaws?id=16372 The High Court ruled in favor of the assessee, directing the Income-tax Officer to carry out rectification under Section 154 and allowing the carry forward of the loss of the unregistered firm to be set off against the income of the registered firm in a subsequent year. The decision was based on the interpretation of relevant provisions and previous judgments, affirming the assessee's entitlement to carry forward the loss and deciding against the Revenue. en-us Mon, 28 Jul 1997 00:00:00 +0530 Mon, 07 Sep 2009 13:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16372 The High Court ruled in favor of the assessee, directing the Income-tax Officer to carry out rectification under Section 154 and allowing the carry forward of the loss of the unregistered firm to be set off against the income of the registered firm in a subsequent year. The decision was based on the interpretation of relevant provisions and previous judgments, affirming the assessee's entitlement to carry forward the loss and deciding against the Revenue. Case-Laws Income Tax Mon, 28 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16372