https://www.taxtmi.com/caselaws?id=31098 The court ruled in favor of the assessee, an exporter of readymade garments, in appeals against the Income-tax Appellate Tribunal's decision for assessment years 1995-96 and 1996-97. The Commissioner of Income-Tax (Appeals) found the Assessing Officer's set-off of business loss against deductions erroneous, directing compliance with procedural requirements under Section 143(2) and allowing deductions under Section 80HHC. The court emphasized the need for regular assessment under Section 143(3) for deduction disputes, deeming the refusal of deduction without proper procedure illegal. The court dismissed Revenue's appeals, highlighting the importance of procedural compliance and legal principles in tax assessments. en-us Wed, 20 Jun 2007 00:00:00 +0530 Sat, 18 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31098 The court ruled in favor of the assessee, an exporter of readymade garments, in appeals against the Income-tax Appellate Tribunal's decision for assessment years 1995-96 and 1996-97. The Commissioner of Income-Tax (Appeals) found the Assessing Officer's set-off of business loss against deductions erroneous, directing compliance with procedural requirements under Section 143(2) and allowing deductions under Section 80HHC. The court emphasized the need for regular assessment under Section 143(3) for deduction disputes, deeming the refusal of deduction without proper procedure illegal. The court dismissed Revenue's appeals, highlighting the importance of procedural compliance and legal principles in tax assessments. Case-Laws Income Tax Wed, 20 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31098