Section 80-IA(5) Set Off Of Absorbed Loss- ITAT Declines To Follow HC judgement

Though a judgement of a non-jurisdictional High Court prevails over a judgement of the Special Bench, the former cannot be followed, even though it is the only High Court judgement on the point, if “rendered without having been informed about certain statutory provisions that are directly relevant“.

IN THE INCOME TAX APPELLATE TRIBUNAL

HYDERABAD BENCH ‘A’, HYDERABADPlease become a Premium member. If you are already a Premium member, login here to access the full content.