https://www.taxtmi.com/caselaws?id=71189 The Tribunal held that the assessee failed to comply with the conditions outlined in section 139(3) for filing loss returns within the specified time frame, emphasizing the importance of adhering to legislative requirements for claiming loss carry forwards. All appeals were dismissed, affirming the Assessing Officer's decision to deny the carry forward of losses from income under short-term capital gains. The judgment highlighted the necessity of following statutory provisions under the Income Tax Act, particularly sections 139(1) and 139(3), to ensure accurate assessment procedures and timely filing of returns for claiming losses against future income. en-us Wed, 02 Feb 2005 00:00:00 +0530 Thu, 21 Apr 2011 17:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71189 The Tribunal held that the assessee failed to comply with the conditions outlined in section 139(3) for filing loss returns within the specified time frame, emphasizing the importance of adhering to legislative requirements for claiming loss carry forwards. All appeals were dismissed, affirming the Assessing Officer's decision to deny the carry forward of losses from income under short-term capital gains. The judgment highlighted the necessity of following statutory provisions under the Income Tax Act, particularly sections 139(1) and 139(3), to ensure accurate assessment procedures and timely filing of returns for claiming losses against future income. Case-Laws Income Tax Wed, 02 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71189