Intimation of loss: Assessing officer must notify computed loss to enable carry forward and set off under tax provisions. The Assessing Officer must notify the assessee by written order the amount of loss computed for the purposes of section 111(1) or (2) or 112 or 113(2) or 115(1) when a loss is established in assessment and the assessee is entitled to carry forward and set off such loss; Clause 291 formalises this intimation requirement to link assessment findings with future carry forward and set off relief.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Intimation of loss: Assessing officer must notify computed loss to enable carry forward and set off under tax provisions.
The Assessing Officer must notify the assessee by written order the amount of loss computed for the purposes of section 111(1) or (2) or 112 or 113(2) or 115(1) when a loss is established in assessment and the assessee is entitled to carry forward and set off such loss; Clause 291 formalises this intimation requirement to link assessment findings with future carry forward and set off relief.
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