https://www.taxtmi.com/caselaws?id=278548 The High Court dismissed the appeal challenging the Tribunal's decision on the allowance of deficit carry forwards under the Income Tax Act, 1961 for Assessment Year 2009-10. The Court found in favor of the Respondent-Assessee based on previous decisions, concluding that no substantial legal questions were raised by the Revenue. The Court upheld the decisions of the Tribunal and CIT(A) regarding the allowance of deficit carry forwards, ultimately dismissing the appeal without costs. en-us Fri, 16 Dec 2016 00:00:00 +0530 Tue, 12 Feb 2019 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278548 The High Court dismissed the appeal challenging the Tribunal's decision on the allowance of deficit carry forwards under the Income Tax Act, 1961 for Assessment Year 2009-10. The Court found in favor of the Respondent-Assessee based on previous decisions, concluding that no substantial legal questions were raised by the Revenue. The Court upheld the decisions of the Tribunal and CIT(A) regarding the allowance of deficit carry forwards, ultimately dismissing the appeal without costs. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278548