https://www.taxtmi.com/caselaws?id=56515 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee against the adjustments made by the Assessing Officer for carry forward losses of assessment years 1991-92 and 1992-93. The judgment emphasized the importance of adhering to the provisions of law and circulars issued by the Central Board of Direct Taxes while making adjustments under section 143(1)(a) of the Income-tax Act. The orders of the CIT(A) and the Assessing Officer regarding the adjustments were declared unsustainable in law. en-us Mon, 19 Aug 2002 00:00:00 +0530 Sat, 04 Dec 2010 11:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56515 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee against the adjustments made by the Assessing Officer for carry forward losses of assessment years 1991-92 and 1992-93. The judgment emphasized the importance of adhering to the provisions of law and circulars issued by the Central Board of Direct Taxes while making adjustments under section 143(1)(a) of the Income-tax Act. The orders of the CIT(A) and the Assessing Officer regarding the adjustments were declared unsustainable in law. Case-Laws Income Tax Mon, 19 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56515