https://www.taxtmi.com/caselaws?id=16689 An unappealed assessment order completed after considering brought forward losses attains finality and cannot be reopened in reference proceedings merely to revisit the set-off effect of those losses. On the facts, unabsorbed depreciation and business loss were treated as absorbed in the earlier ex parte assessment, so no further carry forward was available for the subsequent year. The reference was disposed of in favour of the Revenue. en-us Fri, 06 Sep 1996 00:00:00 +0530 Wed, 09 Sep 2009 14:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16689 An unappealed assessment order completed after considering brought forward losses attains finality and cannot be reopened in reference proceedings merely to revisit the set-off effect of those losses. On the facts, unabsorbed depreciation and business loss were treated as absorbed in the earlier ex parte assessment, so no further carry forward was available for the subsequent year. The reference was disposed of in favour of the Revenue. Case-Laws Income Tax Fri, 06 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16689