https://www.taxtmi.com/caselaws?id=32458 The court ruled in favor of the petitioner, setting aside the respondent's decision that the application had abated. The court held that tax payable should be calculated on total income, including carry forward losses. The respondent's decision was deemed erroneous. The court emphasized the mandatory nature of the payment deadline and rejected the late payment made by the petitioner. The court made the rule absolute, with no costs imposed. en-us Tue, 04 Mar 2008 00:00:00 +0530 Wed, 25 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32458 The court ruled in favor of the petitioner, setting aside the respondent's decision that the application had abated. The court held that tax payable should be calculated on total income, including carry forward losses. The respondent's decision was deemed erroneous. The court emphasized the mandatory nature of the payment deadline and rejected the late payment made by the petitioner. The court made the rule absolute, with no costs imposed. Case-Laws Income Tax Tue, 04 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32458