https://www.taxtmi.com/caselaws?id=766915 The Appellate Tribunal allowed the appeal by the assessee, overturning the decision of the Commissioner of Income-tax (Appeals). The Tribunal identified a factual mistake in the adjustment made by the CPC, Bangalore concerning the treatment of a VAT refund. It directed the Assessing Officer to delete the erroneous adjustment, thus permitting the assessee to carry forward the current year loss as initially claimed. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766915 The Appellate Tribunal allowed the appeal by the assessee, overturning the decision of the Commissioner of Income-tax (Appeals). The Tribunal identified a factual mistake in the adjustment made by the CPC, Bangalore concerning the treatment of a VAT refund. It directed the Assessing Officer to delete the erroneous adjustment, thus permitting the assessee to carry forward the current year loss as initially claimed. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766915