https://www.taxtmi.com/caselaws?id=437672 The Appellate Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision to allow the set off of unabsorbed business loss or depreciation against the total income assessed. The Tribunal also affirmed that there was no legal prohibition to adjust brought forward losses against belatedly declared income, resulting in the dismissal of the Revenue's appeal. en-us Fri, 21 Apr 2023 00:00:00 +0530 Fri, 12 May 2023 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437672 The Appellate Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision to allow the set off of unabsorbed business loss or depreciation against the total income assessed. The Tribunal also affirmed that there was no legal prohibition to adjust brought forward losses against belatedly declared income, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437672