1987 (10) TMI 24

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....e, at great length but we find that in the present case the assessee had filed a return of loss in the sum of Rs. 1,12,558. The net loss which was determined by the Income-tax Officer and allowed to be carried forward was in the sum of Rs. 1,06,995. This is to say only an amount of Rs. 6,000 as loss had been disallowed by the Income-tax Officer. The Income-tax Appellate Tribunal has partly upheld ....