https://www.taxtmi.com/caselaws?id=69406 The Tribunal upheld the CIT(A)'s decision to allow the carry forward of business loss for the assessee for the assessment year 1983-84. It ruled that a return filed in response to a notice under section 148 within the time allowed under section 139 should be considered as filed under section 139(2), entitling the assessee to carry forward and set off the loss. The Tribunal dismissed the Revenue's appeal, affirming the allowance of carry forward of the business loss based on precedents from the Calcutta and Madhya Pradesh High Courts. en-us Mon, 20 Jan 1992 00:00:00 +0530 Wed, 06 Apr 2011 15:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69406 The Tribunal upheld the CIT(A)'s decision to allow the carry forward of business loss for the assessee for the assessment year 1983-84. It ruled that a return filed in response to a notice under section 148 within the time allowed under section 139 should be considered as filed under section 139(2), entitling the assessee to carry forward and set off the loss. The Tribunal dismissed the Revenue's appeal, affirming the allowance of carry forward of the business loss based on precedents from the Calcutta and Madhya Pradesh High Courts. Case-Laws Income Tax Mon, 20 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69406