https://www.taxtmi.com/caselaws?id=64413 The Tribunal ruled in favor of the assessee, allowing the carry forward of the assessed loss despite the late filing of the return. The Tribunal emphasized that filing within the extended period under section 139(4) sufficed for carrying forward losses, rejecting the revenue's argument that compliance with the strict provisions of section 139(3) was necessary. The Tribunal considered conflicting views from different High Courts and ultimately held that the assessee was entitled to carry forward the loss, affirming the Commissioner (Appeals)'s decision and partially allowing both the assessee's and the revenue's appeals. en-us Fri, 20 Jul 1984 00:00:00 +0530 Mon, 07 Feb 2011 17:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64413 The Tribunal ruled in favor of the assessee, allowing the carry forward of the assessed loss despite the late filing of the return. The Tribunal emphasized that filing within the extended period under section 139(4) sufficed for carrying forward losses, rejecting the revenue's argument that compliance with the strict provisions of section 139(3) was necessary. The Tribunal considered conflicting views from different High Courts and ultimately held that the assessee was entitled to carry forward the loss, affirming the Commissioner (Appeals)'s decision and partially allowing both the assessee's and the revenue's appeals. Case-Laws Income Tax Fri, 20 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64413