https://www.taxtmi.com/caselaws?id=376365 The ITAT upheld the CIT(A)'s decision, allowing the carry forward of the deficit of Rs. 14,30,11,390/- to subsequent years. The tribunal dismissed the Revenue's appeal, affirming that the assessee was entitled to carry forward the excess expenditure over income to be set off against the income of subsequent years, in line with the Bombay High Court's judgment and other supporting case laws. en-us Fri, 01 Mar 2019 00:00:00 +0530 Thu, 07 Mar 2019 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376365 The ITAT upheld the CIT(A)'s decision, allowing the carry forward of the deficit of Rs. 14,30,11,390/- to subsequent years. The tribunal dismissed the Revenue's appeal, affirming that the assessee was entitled to carry forward the excess expenditure over income to be set off against the income of subsequent years, in line with the Bombay High Court's judgment and other supporting case laws. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376365