https://www.taxtmi.com/caselaws?id=70779 Section 80 of the Income-tax Act, 1961 requires loss to be determined on the basis of a return filed under section 139(3), but it does not require returns to be filed in every intervening year. Where losses were already reported in time and duly determined for the relevant years, a later failure to file a return in a year with no taxable income does not extinguish the statutory right to carry forward and set off those losses when income arises later. The article thus affirms that the carry-forward entitlement depends on timely original compliance for the loss year, not on continuous filing in non-income years. en-us Fri, 25 Sep 1998 00:00:00 +0530 Tue, 19 Apr 2011 11:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70779 Section 80 of the Income-tax Act, 1961 requires loss to be determined on the basis of a return filed under section 139(3), but it does not require returns to be filed in every intervening year. Where losses were already reported in time and duly determined for the relevant years, a later failure to file a return in a year with no taxable income does not extinguish the statutory right to carry forward and set off those losses when income arises later. The article thus affirms that the carry-forward entitlement depends on timely original compliance for the loss year, not on continuous filing in non-income years. Case-Laws Income Tax Fri, 25 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70779