4 results for “section 68”+ Carry Forward of Lossesclear
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In the result, assessee's appeals; ITA No
Loss Accounts, etc.Since there was no\nincriminating material' found in search operations carried on the assessee\nunder section 132 of the Act; therefore, unabated assessments could not be\nrevisited. Therefore, no addition based on any information/incriminating\nmaterial from third party could be done as unabated assessment revisiting, in\nabsence of 'incriminating material' seized from the assessee, had to be\ncompleted