https://www.taxtmi.com/caselaws?id=447405 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the benefit of the brought forward loss for A.Y. 2008-09 to the assessee. This decision was based on the AO's compliance with the ITAT's order, which reinstated the loss for set off or carry forward. The Tribunal found no merit in the Revenue's contention, thereby upholding the recomputation of income for A.Y. 2009-10, considering the reinstated loss of Rs. 4,92,05,810/-. en-us Fri, 22 Dec 2023 00:00:00 +0530 Mon, 25 Dec 2023 09:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447405 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the benefit of the brought forward loss for A.Y. 2008-09 to the assessee. This decision was based on the AO's compliance with the ITAT's order, which reinstated the loss for set off or carry forward. The Tribunal found no merit in the Revenue's contention, thereby upholding the recomputation of income for A.Y. 2009-10, considering the reinstated loss of Rs. 4,92,05,810/-. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447405