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2004 (4) TMI 13 - HC - Income TaxRectification of mistake – Whether, on correct interpretation of section 246(1)(c), the Tribunal was right in holding that as the statute does not confer an express right of appeal against the order of the specific refusal to carry forward the loss determined on assessment, this issue is debatable?- Whether Tribunal was right in law in holding that the CIT (Appeals)-X had no jurisdiction to rectify the order of the CIT (Appeals)-I, u/s 154? – Whether, Tribunal was right in law in allowing the departmental appeal and cancelling the order u/s 154 of the CIT (Appeals)-X, thus depriving the assessee-company of its right to carry forward the loss?" – All these questions are answered in the affirmative, in favour of the Revenue
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