Disallowance of carry forward of loss - Since no claim of set ...

Assessing Officer Cannot Preemptively Disallow Loss Carry Forward; Future Profits Determine Set-Off Eligibility.

March 30, 2016

Case Laws Income Tax AT

Disallowance of carry forward of loss - Since no claim of set off of loss is made by the assessee in this year the action of AO in rejecting to allow carry forwarded is not tenable as it preempts the future quasi-judicial powers of the AO who has to actually set off of the loss if and when there are profits - AT

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Disallowance of carry forward of loss - Since no claim of set ...

Assessing Officer Cannot Preemptively Disallow Loss Carry Forward; Future Profits Determine Set-Off Eligibility.

March 30, 2016

Case Laws Income Tax AT

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