https://www.taxtmi.com/caselaws?id=450311 The Tribunal allowed the appeal, granting relief to the assessee by permitting the set off of the brought forward business loss of Rs 12,53,378 for Asst Year 2005-06 against the business income of Asst Year 2010-11. The Tribunal found that the reassessment by the AO was flawed, as the objections were not properly addressed. Consequently, the Tribunal directed the AO to allow the set off, thereby resolving the issue on its merits and rendering other legal challenges moot. en-us Wed, 28 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450311 The Tribunal allowed the appeal, granting relief to the assessee by permitting the set off of the brought forward business loss of Rs 12,53,378 for Asst Year 2005-06 against the business income of Asst Year 2010-11. The Tribunal found that the reassessment by the AO was flawed, as the objections were not properly addressed. Consequently, the Tribunal directed the AO to allow the set off, thereby resolving the issue on its merits and rendering other legal challenges moot. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450311