Supreme Court of India
The Commissioner of Income-tax, Madhya Pradesh v. Seth Khushal Chand Daga
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From the headnote
Income Tax-Set-of! of loss-Amount computed not notified in writing-Effect-Income-tax Act, 1922 (XI of 1922), ss. 24, 24(3). For the accounting year 1941 the assessee's profits from his share in an unregistered firm were set off against his losses in the individual business and the Income Tax Officer determined the loss to be carried forward at Rs. 53,840, but did not notify to the assessee by order in writing the amount of the Joss as computed by him as required by s. 24(3) of the Act. The asses see appealed against the assessment but did not question the amount of the loss which had been
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