1992 (2) TMI 133 - AT - Income Tax

Extract:
.......come of the assessment year under consideration computed by the ITO under the head Business . We, therefore, direct the ITO to allow the set off of carry forward unabsorbed loss of Rs. 11,34,420 to the assessee. 11. Since the assessee has not pressed ground Nos. 4 and 5 the same are not being decided. 12. In the result, the appeal is partly allowed