Tribunal Rules No Carry Forward of Excess Income Due to Lack of Previous Year Details in Assessee's Case.

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....Carry forward of excess application of income over the income - Unfortunately, the details of such income and application of income in the earlier year is not available on record. Therefore, this Tribunal has no other choice except to presume that the income of the assessee was already allowed in the earlier year. Hence, nothing remains to carry forward. - AT....