https://www.taxtmi.com/caselaws?id=207430 The Tribunal allowed the appeal of the assessee, holding that the revised return filed was valid under section 139(5) and the assessee is entitled to carry forward the long-term capital loss as claimed in the revised return. The Tribunal emphasized that section 80 should not frustrate the objective of allowing the carry forward of losses and directed the Assessing Officer to allow the carry forward of the loss. en-us Fri, 29 Jul 2011 00:00:00 +0530 Tue, 13 Dec 2011 01:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207430 The Tribunal allowed the appeal of the assessee, holding that the revised return filed was valid under section 139(5) and the assessee is entitled to carry forward the long-term capital loss as claimed in the revised return. The Tribunal emphasized that section 80 should not frustrate the objective of allowing the carry forward of losses and directed the Assessing Officer to allow the carry forward of the loss. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207430