42 results for “reassessment u/s 147”+ Carry Forward of Lossesclear
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In the result, the appeal filed by the Revenue is dismissed
Bench: Dr. Manish Borad & Sri Sonjoy Sarma
carry forward losses incurred in other non-eligible units. In the subsequent assessment framed for AY 2003-04, ld. AO’s successor had disallowed the claim of deduction u/s 10A of the Act by first setting off the losses of non-eligible units with the profits of the eligible units. Referring to the conclusions drawn