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2008 (3) TMI 293 - HC - Income TaxApplication for settlement of case - Assessee paid additional tax with interest on May 26, 2007 – by amendment to section 245D (2) there was obligation to pay additional tax and interest on or before July 31, 2007 – Commission is not justified in rejecting the application holding that carry forward of loss of previous year to be ignored on total income – assessee can carry forward the loss of the preceding assessment year - finding recorded that the application has abated, has to be set aside
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