ROHIT JAIN, MANDI GOBINDGARH,PUNJAB vs. ITO, WARD- 1, MANDI GOBINDGARH, PUNJAB

In the result, this appeal of the assessee stands partly allowed

Bench: SH. SANJAY GARG (Judicial Member)

carry forward loss out of inadvertent and bonafide mistake. From the perusal of record, I find merit in the aforesaid contention of the assessee. It was not a case of any intentional claim of bogus loss, neither it was any case of intentional concealment of income or furnishing of inaccurate particulars of income. In my view, the assessee should

ROHIT JAIN, MANDI GOBINDGARH,PUNJAB vs. JAO, ITO WARD - 1, SIRHIND, PUNJAB

In the result, this appeal of the assessee stands partly allowed