https://www.taxtmi.com/caselaws?id=17963 The case involved a reference under section 256(2) of the Income-tax Act, 1961, regarding the entitlement of the assessee to set off or carry forward business loss of earlier years against the income for the relevant year. The court ruled in favor of the assessee, emphasizing unity of control as the decisive test for defining the same business, allowing the set off despite a temporary halt in operations. The court highlighted the importance of unity of control in determining the continuity of business activities, ultimately concluding in favor of the assessee for the set off or carry forward of losses. en-us Wed, 11 Dec 1996 00:00:00 +0530 Fri, 25 Sep 2009 18:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17963 The case involved a reference under section 256(2) of the Income-tax Act, 1961, regarding the entitlement of the assessee to set off or carry forward business loss of earlier years against the income for the relevant year. The court ruled in favor of the assessee, emphasizing unity of control as the decisive test for defining the same business, allowing the set off despite a temporary halt in operations. The court highlighted the importance of unity of control in determining the continuity of business activities, ultimately concluding in favor of the assessee for the set off or carry forward of losses. Case-Laws Income Tax Wed, 11 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17963