https://www.taxtmi.com/caselaws?id=55235 The Tribunal partially allowed the Department's appeal, emphasizing the Assessing Officer's role in deciding on extension applications for the carry forward of business loss. It highlighted the importance of the Assessing Officer's actions on extension applications filed by the assessee, directing the matter to be reconsidered based on the second extension application. The Tribunal referred to a previous decision emphasizing the duty of the Assessing Officer to entertain extension requests and the reasonable belief of the assessee regarding granted extensions. The outcome stressed the significance of the Assessing Officer's decision on extension applications for the carry forward of business loss. en-us Tue, 16 Feb 1993 00:00:00 +0530 Wed, 24 Nov 2010 17:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55235 The Tribunal partially allowed the Department's appeal, emphasizing the Assessing Officer's role in deciding on extension applications for the carry forward of business loss. It highlighted the importance of the Assessing Officer's actions on extension applications filed by the assessee, directing the matter to be reconsidered based on the second extension application. The Tribunal referred to a previous decision emphasizing the duty of the Assessing Officer to entertain extension requests and the reasonable belief of the assessee regarding granted extensions. The outcome stressed the significance of the Assessing Officer's decision on extension applications for the carry forward of business loss. Case-Laws Income Tax Tue, 16 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55235