https://www.taxtmi.com/caselaws?id=70779 Section 80 requires losses to be determined pursuant to a return filed under section 139(3), but does not require returns to be filed in every intervening year to preserve carry-forward rights. Where losses were timely returned and determined for the relevant years, failure to file a return in a subsequent year with no taxable income does not extinguish the right to carry forward and set off those losses when income later arises. The assessee was therefore entitled to the carry-forward and set-off, and the Revenue's challenge failed. 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 requires losses to be determined pursuant to a return filed under section 139(3), but does not require returns to be filed in every intervening year to preserve carry-forward rights. Where losses were timely returned and determined for the relevant years, failure to file a return in a subsequent year with no taxable income does not extinguish the right to carry forward and set off those losses when income later arises. The assessee was therefore entitled to the carry-forward and set-off, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 25 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70779