https://www.taxtmi.com/caselaws?id=403286 The Tribunal allowed the appeal of the assessee, overturning the disallowance of losses by the Assessing Officer and CIT(A). The losses of Rs. 1,81,26,485 were found to pertain solely to the demerged unit, not the Investment Division, as evidenced by the computation of income. The Tribunal concluded that the losses were not attributable to the Investment Division, allowing the carry forward of the entire loss. en-us Tue, 12 Jan 2021 00:00:00 +0530 Sat, 23 Jan 2021 11:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403286 The Tribunal allowed the appeal of the assessee, overturning the disallowance of losses by the Assessing Officer and CIT(A). The losses of Rs. 1,81,26,485 were found to pertain solely to the demerged unit, not the Investment Division, as evidenced by the computation of income. The Tribunal concluded that the losses were not attributable to the Investment Division, allowing the carry forward of the entire loss. Case-Laws Income Tax Tue, 12 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403286