https://www.taxtmi.com/caselaws?id=201517 A return for the loss year filed within the Board-extended time satisfied the requirement of Section 139(3) of the Income-tax Act, 1961 for carrying forward business losses. The mere fact that the Assessing Officer had not yet quantified or determined the losses did not justify denial of the set-off claim against subsequent-year profits. On that basis, the Tribunal's remand for fresh decision was treated as justified, and the departmental challenge failed. en-us Tue, 30 Nov 2010 00:00:00 +0530 Tue, 06 Sep 2011 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201517 A return for the loss year filed within the Board-extended time satisfied the requirement of Section 139(3) of the Income-tax Act, 1961 for carrying forward business losses. The mere fact that the Assessing Officer had not yet quantified or determined the losses did not justify denial of the set-off claim against subsequent-year profits. On that basis, the Tribunal's remand for fresh decision was treated as justified, and the departmental challenge failed. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201517