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Case Law Details

Case Name : Aayojan Investments Pvt. Ltd. Vs ACIT (ITAT Ahmedabad)
Related Assessment Year : 2000- 01
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RELEVANT PARAGRAPH

11 If we go to the facts of the case the business loss returned by the assessee to the extent it could not be set off was in fact carried forward and while computing the gross total income the income under the head business was nil but in fact the assessee has incurred the net business loss aggregating to Rs.21,22,545/ -. The Hon’ble High Court there also did not take the view that the gross total inco

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