https://www.taxtmi.com/caselaws?id=394988 The Tribunal dismissed the appeal filed by the Appellant, a public sector corporation, upholding the Ld. CIT(A)'s decision to deny the carry forward of business loss beyond Rs. 1.58 crores. It validated the reopening of assessment by the AO, despite the Appellant's challenge, and admitted additional grounds of appeal for adjudication. The Tribunal found the Appellant's delay in filing the return precluded the benefit of carrying forward the full claimed loss. en-us Wed, 26 Feb 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394988 The Tribunal dismissed the appeal filed by the Appellant, a public sector corporation, upholding the Ld. CIT(A)'s decision to deny the carry forward of business loss beyond Rs. 1.58 crores. It validated the reopening of assessment by the AO, despite the Appellant's challenge, and admitted additional grounds of appeal for adjudication. The Tribunal found the Appellant's delay in filing the return precluded the benefit of carrying forward the full claimed loss. Case-Laws Income Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394988