Setoff of loss brought forward to be allowed even if the assessment for the AY for which the loss has been declared in is pending.
Court :
ITAT Mumbai
Brief :
These four appeals pertain to the same group of assessee, involve a common issue arising out of materially similar facts, and were heard together. As a matter of convenience, therefore, all the four appeals are being disposed of by this common order.
Citation :
ITA No. 1889 and 1891/Mum/2020
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