https://www.taxtmi.com/caselaws?id=67897 Section 139(3) has been read by several High Courts and Tribunal decisions to permit carry forward and set-off of business losses even where the return was filed under section 139(4) rather than within section 139(1). The Tribunal followed that settled line of authority and declined to take a contrary view, noting that one cited decision had extended the same benefit even to returns filed under sections 147 and 148. On that interpretation, delay alone did not bar the loss claim. en-us Mon, 13 May 1985 00:00:00 +0530 Tue, 15 Mar 2011 12:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67897 Section 139(3) has been read by several High Courts and Tribunal decisions to permit carry forward and set-off of business losses even where the return was filed under section 139(4) rather than within section 139(1). The Tribunal followed that settled line of authority and declined to take a contrary view, noting that one cited decision had extended the same benefit even to returns filed under sections 147 and 148. On that interpretation, delay alone did not bar the loss claim. Case-Laws Income Tax Mon, 13 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67897