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The High Court of Orissa held that a registered firm cannot carry forward its loss to subsequent years for tax benefits as per Section 75 of the Income-tax Act, 1961. The decision was in favor of the Revenue.
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Home
The High Court of Orissa held that a registered firm cannot carry forward its loss to subsequent years for tax benefits as per Section 75 of the Income-tax Act, 1961. The decision was in favor of the Revenue.
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