https://www.taxtmi.com/caselaws?id=18452 Partner-level set-off of agricultural loss from an unregistered firm is barred where the firm is not assessed as a registered firm, even if it earns only agricultural income and no income chargeable to tax. The statutory definitions and the scheme governing agricultural income do not support limiting the bar to firms with taxable income. Interest levied for delayed return filing or deficient advance tax may be challenged in an appeal when the challenge also extends to the tax rate or other components of the assessment; the interest forms part of the assessment and is examinable in that appeal. en-us Fri, 08 Sep 1995 00:00:00 +0530 Thu, 01 Oct 2009 10:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18452 Partner-level set-off of agricultural loss from an unregistered firm is barred where the firm is not assessed as a registered firm, even if it earns only agricultural income and no income chargeable to tax. The statutory definitions and the scheme governing agricultural income do not support limiting the bar to firms with taxable income. Interest levied for delayed return filing or deficient advance tax may be challenged in an appeal when the challenge also extends to the tax rate or other components of the assessment; the interest forms part of the assessment and is examinable in that appeal. Case-Laws Income Tax Fri, 08 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18452