8 results for “bogus purchases”+ Carry Forward of Lossesclear
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Bench: N.KUMAR,H.S.KEMPANNA
carry forward the long-term capital loss of Rs.1,24,03,271/-. Consequently, he also set aside the order passed by the Assessing Authority insofar as the interest is concerned. Aggrieved by this order, the Revenue preferred an appeal before the Tribunal. The Tribunal held that the Commissioner of Income Tax (Appeals) has dealt with the respective issues as contended