https://www.taxtmi.com/caselaws?id=65409 The Tribunal upheld the CIT (Appeals) decision to treat the return filed on 31-10-2001 as a valid revised return u/s 139(5) and allowed the carried forward loss. It also upheld the allowance of provisions for expenses as deductions and agreed with the disallowance of prior period expenses related to a leave travel assistance scheme. The Tribunal partly allowed the department's appeal, dismissed the assessee's appeal, and affirmed the decisions on the treatment of returns and disallowance of expenses. en-us Fri, 21 Mar 2008 00:00:00 +0530 Wed, 12 Jun 2013 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65409 The Tribunal upheld the CIT (Appeals) decision to treat the return filed on 31-10-2001 as a valid revised return u/s 139(5) and allowed the carried forward loss. It also upheld the allowance of provisions for expenses as deductions and agreed with the disallowance of prior period expenses related to a leave travel assistance scheme. The Tribunal partly allowed the department's appeal, dismissed the assessee's appeal, and affirmed the decisions on the treatment of returns and disallowance of expenses. Case-Laws Income Tax Fri, 21 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65409