1981 (3) TMI 60

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.... CHANDURKAR J.-The ITO having found that for the assessment year 1967-68, he had by his earlier order carried forward deficiencies under s. 80J beyond the assessment year 1973-74, took action under s. 154 of the I.T. Act for rectification and found that the deficiency could not be carried forward beyond the seventh assessment year as reckoned from the end of the initial assessment year under pro....