The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

68,478/­.  However,   it   was   seen   that   at   page   88   the  assessee  has  enclosed  computation  of total  income of GAFL according to which income has  been computed at NIL by chiming unabsorbed  business   loss   brought   forward   from   Asst.  Year 1991­92 at Rs. 16,38,462/­ and in the  note   total   business   loss   to   be   carried  forward to asst. year 1993­94