108 results for “bogus purchases”+ Section 139clear
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Bench: N.KUMAR,H.S.KEMPANNA
Section 139(1) of the Act, he declined to permit the assessee to 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