https://www.taxtmi.com/caselaws?id=70429 The Tribunal upheld the decision of the CIT(Appeals) to allow the carrying forward of losses despite a belated return filing under section 139(1). The failure to serve notice under section 139(2) was deemed crucial in establishing the voluntary nature of the return. The Tribunal emphasized the validity of the extension of time granted by the assessing officer and supported the decision based on legal provisions and previous judicial rulings. The appeal by the revenue challenging the carrying forward of losses was dismissed, affirming the order of the CIT(Appeals). en-us Mon, 30 Sep 1991 00:00:00 +0530 Sat, 16 Apr 2011 10:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70429 The Tribunal upheld the decision of the CIT(Appeals) to allow the carrying forward of losses despite a belated return filing under section 139(1). The failure to serve notice under section 139(2) was deemed crucial in establishing the voluntary nature of the return. The Tribunal emphasized the validity of the extension of time granted by the assessing officer and supported the decision based on legal provisions and previous judicial rulings. The appeal by the revenue challenging the carrying forward of losses was dismissed, affirming the order of the CIT(Appeals). Case-Laws Income Tax Mon, 30 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70429