https://www.taxtmi.com/caselaws?id=428020 The Tribunal allowed the appeal of the assessee, setting aside the order disallowing the claim of set off of brought forward loss for the Assessment Year 2017-18. It was held that the revised return filed to rectify defects should be considered a continuation of the original return, allowing the benefit of carry forward of losses. The Tribunal concluded that the assessee should be allowed the benefit of setting off brought forward losses against the income for the current year. The judgment was pronounced in favor of the assessee on 15.09.2022. en-us Thu, 15 Sep 2022 00:00:00 +0530 Thu, 22 Sep 2022 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428020 The Tribunal allowed the appeal of the assessee, setting aside the order disallowing the claim of set off of brought forward loss for the Assessment Year 2017-18. It was held that the revised return filed to rectify defects should be considered a continuation of the original return, allowing the benefit of carry forward of losses. The Tribunal concluded that the assessee should be allowed the benefit of setting off brought forward losses against the income for the current year. The judgment was pronounced in favor of the assessee on 15.09.2022. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428020