https://www.taxtmi.com/caselaws?id=375906 The ITAT upheld the Ld. CIT (Appeals)'s decision to allow the assessee's claim of set off of brought forward losses for the assessment year 2009-10. The ITAT found that the conditions under Section 72A of the Income Tax Act were met, emphasizing compliance with Rule 9C and obtaining relaxation from the CBDT. The ITAT dismissed the Revenue's appeal, affirming the benefit of set off of brought forward losses to the assessee and rejecting claims of non-compliance and improper admission of additional evidence. en-us Mon, 28 Jan 2019 00:00:00 +0530 Wed, 27 Feb 2019 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375906 The ITAT upheld the Ld. CIT (Appeals)'s decision to allow the assessee's claim of set off of brought forward losses for the assessment year 2009-10. The ITAT found that the conditions under Section 72A of the Income Tax Act were met, emphasizing compliance with Rule 9C and obtaining relaxation from the CBDT. The ITAT dismissed the Revenue's appeal, affirming the benefit of set off of brought forward losses to the assessee and rejecting claims of non-compliance and improper admission of additional evidence. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375906