https://www.taxtmi.com/caselaws?id=278795 The Allahabad High Court upheld the Tribunal's decision regarding the carry forward of losses under the Income Tax Act for the assessment year 2007-08, amounting to Rs. 7,59,46,064. The Court found that the assessee had filed returns within the time limit, even though initially using an old form, and later complying with the new form requirements. As there was no unfair advantage sought, the Court dismissed the appeal, emphasizing the significance of factual findings and procedural compliance in tax cases. en-us Mon, 06 Aug 2018 00:00:00 +0530 Thu, 21 Feb 2019 06:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278795 The Allahabad High Court upheld the Tribunal's decision regarding the carry forward of losses under the Income Tax Act for the assessment year 2007-08, amounting to Rs. 7,59,46,064. The Court found that the assessee had filed returns within the time limit, even though initially using an old form, and later complying with the new form requirements. As there was no unfair advantage sought, the Court dismissed the appeal, emphasizing the significance of factual findings and procedural compliance in tax cases. Case-Laws Income Tax Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278795