https://www.taxtmi.com/caselaws?id=20549 The High Court upheld the Commissioner's jurisdiction to revise the orders of the Income-tax Officer, allowing for the set-off and carry forward of business loss only in the year it occurred. The Court clarified that deductions under sections 80K and 80L must be made from the gross total income, not before computing total income. Additionally, the Commissioner was deemed justified in revising the order for the assessment year due to a mistake in calculating income. All questions were answered against the assessee and in favor of the Revenue, with no costs awarded. en-us Tue, 16 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20549 The High Court upheld the Commissioner's jurisdiction to revise the orders of the Income-tax Officer, allowing for the set-off and carry forward of business loss only in the year it occurred. The Court clarified that deductions under sections 80K and 80L must be made from the gross total income, not before computing total income. Additionally, the Commissioner was deemed justified in revising the order for the assessment year due to a mistake in calculating income. All questions were answered against the assessee and in favor of the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 16 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20549