Company Kovalam Hotels Ltd.  got amalgamated with assessee-company with effect from 1-4-2006. Company  Kovalam Hotels Ltd.   In the assessment year 2006-07  Kovalam Hotels Ltd   claimed carry forward of business loss of earlier years.  Assessing Officer of company Kovalam Hotels Ltd  held that business loss was not available for carry forward to next assessment year 2007-08 because provisions of section 79 were applicable in instant case. Appeal against impugned order was pending before Commissioner (Appeals) Assessee-company in assessment year 2007-08 claimed set off of brought forward loss pertaining to company Kovalam Hotels Ltd. Tribunal held that once Assessing Officer in case of company Kovalam Hotels Ltd   for assessment year 2006-07 had already rejected claim for carry forward of said business loss in terms of section 79 then same could not be available to assessee for set off under section 72A until and unless said finding of Assessing Officer was reversed by higher appellate authorities.  Assessing Officer was directed to give effect of set off of business loss in case of assessee consequent to finding of appellate authorities in case of company Kovalam Hotels Ltd   on issue of carry forward of business loss under reference.  (AY.2007-08)