1997 (11) TMI 4

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....he SLP stage. The respondent has been served but has not chosen to appear. By the judgment and order under appeal the High Court of Kerala rejected the reference made by the appellant under section 256(2) of the Income-tax Act, 1961. The questions raised related to the assessment years 1986-87 and 1987-88. They read thus (see [1997] 228 ITR 797, 798 and [1998] 230 ITR 518, 519) : "1. Whether....

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....he Tribunal is right in law in holding that therefore, in view of the proviso to section 139(1) as it stood then the assessee is entitled to have the loss carried forward? 1. Whether, on the facts and in the circumstances of the case and also in the light of the relevant provisions, the assessee is entitled to carry forward any loss? 2. Whether, on the facts and in the circumstances of the c....