https://www.taxtmi.com/caselaws?id=29086 The High Court upheld the Tribunal's decision that the appeal against the Income-tax Officer's order was maintainable, citing relevant provisions of the Income-tax Act. Additionally, the Court agreed with the Tribunal's finding that the return filed by the assessee was valid, emphasizing that procedural defects should not invalidate a return. The Court directed that the entire loss be determined and carried forward for set-off in subsequent years, stressing the importance of notifying the assessee of the determined loss. Each party was instructed to bear their own costs. en-us Mon, 21 Jun 1982 00:00:00 +0530 Wed, 10 Mar 2010 16:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29086 The High Court upheld the Tribunal's decision that the appeal against the Income-tax Officer's order was maintainable, citing relevant provisions of the Income-tax Act. Additionally, the Court agreed with the Tribunal's finding that the return filed by the assessee was valid, emphasizing that procedural defects should not invalidate a return. The Court directed that the entire loss be determined and carried forward for set-off in subsequent years, stressing the importance of notifying the assessee of the determined loss. Each party was instructed to bear their own costs. Case-Laws Income Tax Mon, 21 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29086