https://www.taxtmi.com/caselaws?id=49500 Failure to serve notice of the loss computed under the statutory procedure meant the earlier loss determination did not become final and could be reopened in later proceedings. The assessee was therefore entitled to seek re-determination of the carry-forward loss. The assessee's personal business loss could also be set off against taxed share income from an unregistered firm, as that position had already been settled against the revenue in the earlier decision applied here. Both questions were answered in favour of the assessee, and the appeals failed. en-us Tue, 07 Mar 1961 00:00:00 +0530 Sat, 14 Aug 2010 16:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49500 Failure to serve notice of the loss computed under the statutory procedure meant the earlier loss determination did not become final and could be reopened in later proceedings. The assessee was therefore entitled to seek re-determination of the carry-forward loss. The assessee's personal business loss could also be set off against taxed share income from an unregistered firm, as that position had already been settled against the revenue in the earlier decision applied here. Both questions were answered in favour of the assessee, and the appeals failed. Case-Laws Income Tax Tue, 07 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49500