https://www.taxtmi.com/caselaws?id=771783 Allowance of the assessee's claim for brought forward unabsorbed business losses was found unsustainable because the appellate authority had not considered the binding jurisdictional High Court ruling that took a contrary view. The Tribunal held that the relief was granted on an incomplete factual and legal foundation, so the claim required fresh examination in accordance with law. The matter was remanded to the Assessing Officer for reconsideration in light of the jurisdictional High Court's decision, and the Revenue's grounds were allowed for statistical purposes. en-us Wed, 28 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771783 Allowance of the assessee's claim for brought forward unabsorbed business losses was found unsustainable because the appellate authority had not considered the binding jurisdictional High Court ruling that took a contrary view. The Tribunal held that the relief was granted on an incomplete factual and legal foundation, so the claim required fresh examination in accordance with law. The matter was remanded to the Assessing Officer for reconsideration in light of the jurisdictional High Court's decision, and the Revenue's grounds were allowed for statistical purposes. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771783