COMMISSIONER OF INCOME TAX, U.P. v. SHAH SADIQ AND SONS

Citation: [1987] 2 S.C.R. 942

Court: Supreme Court of India

Bench: SABYASACHI MUKHERJI, S. NATARAJAN

Case summary

570 on the • question of carry forward of the loss after the coming into operation of the Finance Act, 1955. The Tribunal held that the right to carry forward the losses relating to the assessment years 1960-61 and 1961-62 was governed by the Indian Income-tax Act, 1922...

Judgment text

570 on the • question of carry forward of the loss after the coming into operation of the Finance Act, 1955. The Tribunal held that the right to carry forward the losses relating to the assessment years 1960-61 and 1961-62 was governed by the Indian Income-tax Act, 1922...