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1995 (8) TMI 1 - SUPREME COURT
Held that the assessee having failed to appeal against the intimation of the Income-tax Officer refusing to take cognizance of the loss returns filed by the assessee for the assessment years 1952-53 to 1954-55, cannot claim in the assessment proceedings relating to the subsequent years that the loss in the said earlier assessment years (1952-53 to 1954-55) be determined, carried forward and set off against the profits of the subsequent year or years, as the case may be