Assessment order u/s.143(1)/(3)/144 not to allow the loss if return is not filled u/s 139(3).

Assessment order u/s.143(1)/(3)/144 not to allow the loss if return is not filled u/s 139(3). https://www.taxtmi.com/circulars?id=8731 A return filed claiming a loss at any time before assessment is a valid return and does not automatically forfeit the taxpayer's entitlement to loss carry forward; the Board's earlier instruction to disallow carry forward where the loss-return missed the prescribed time is superseded and assessing officers should apply this approach and reconcile pending appeals accordingly. en-us Fri, 28 Aug 1970 00:00:00 +0530 Wed, 25 May 2011 18:21:00 +0530 TaxTMI RSS Generator Assessment order u/s.143(1)/(3)/144 not to allow the loss if return is not filled u/s 139(3). https://www.taxtmi.com/circulars?id=8731 A return filed claiming a loss at any time before assessment is a valid return and does not automatically forfeit the taxpayer's entitlement to loss carry forward; the Board's earlier instruction to disallow carry forward where the loss-return missed the prescribed time is superseded and assessing officers should apply this approach and reconcile pending appeals accordingly. Circulars Income Tax Fri, 28 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8731