Claim for Tax Benefits and Carry-Forward of Losses Upheld by ITAT.

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....The HC dismissed the appeal, holding that no substantial question of law arose from the ITAT's order. The ITAT had allowed the assessee's claim for benefits u/ss 11 and 12, and for carrying forward losses for 7 assessment years. The HC found that the appellant had merely disputed factual findings under the guise of substantial questions of law, which is impermissible. The ITAT's order was well-reasoned, without any perversity, after considering all grounds raised by the appellant.....