https://www.taxtmi.com/caselaws?id=18918 The court partially allowed the petition, directing the Income-tax Officer to determine the returns and decide on the carry forward and set off of losses for assessment years 1980-81 and 1981-82 in accordance with the law. The petitioner was found entitled to apply for determination of losses for those years and carry forward the losses for set off. However, the court upheld the Income-tax Officer's decision for assessment year 1979-80, as no further appeal was pursued, leading to finality of the Officer's order for that year. en-us Thu, 06 Jul 1995 00:00:00 +0530 Mon, 02 Nov 2009 17:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18918 The court partially allowed the petition, directing the Income-tax Officer to determine the returns and decide on the carry forward and set off of losses for assessment years 1980-81 and 1981-82 in accordance with the law. The petitioner was found entitled to apply for determination of losses for those years and carry forward the losses for set off. However, the court upheld the Income-tax Officer's decision for assessment year 1979-80, as no further appeal was pursued, leading to finality of the Officer's order for that year. Case-Laws Income Tax Thu, 06 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18918