https://www.taxtmi.com/caselaws?id=64950 The Tribunal rejected the claim for carry forward of loss as the assessee failed to prove filing a return under section 139, rather than in response to a notice under section 148. It held that the revenue could not challenge its own action in initiating reassessment proceedings under section 147 after assessment. The Tribunal concluded that a return of loss filed under section 148 cannot be equated to a return filed under section 139(3) for carrying forward losses. It allowed the appeal partially, directing the carry forward of depreciation determined according to sections 32(2) and 72(2) of the Income Tax Act. en-us Thu, 10 Jan 1991 00:00:00 +0530 Fri, 11 Feb 2011 13:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64950 The Tribunal rejected the claim for carry forward of loss as the assessee failed to prove filing a return under section 139, rather than in response to a notice under section 148. It held that the revenue could not challenge its own action in initiating reassessment proceedings under section 147 after assessment. The Tribunal concluded that a return of loss filed under section 148 cannot be equated to a return filed under section 139(3) for carrying forward losses. It allowed the appeal partially, directing the carry forward of depreciation determined according to sections 32(2) and 72(2) of the Income Tax Act. Case-Laws Income Tax Thu, 10 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64950