https://www.taxtmi.com/caselaws?id=7303 A composite return filed after the time prescribed under section 22(2A) of the Income-tax Act, 1922 is not invalid in toto where it also contains claims governed by section 22(2). The time limit under section 22(2A) affects only the carry-forward claim for business loss; it does not defeat claims for unabsorbed depreciation and development rebate. Where both types of claims are included in one return, separate returns are not required. Accordingly, the late portion fails only as to business loss, while the remaining claims must be considered on their merits. en-us Mon, 05 Feb 1968 00:00:00 +0530 Tue, 17 Feb 2009 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7303 A composite return filed after the time prescribed under section 22(2A) of the Income-tax Act, 1922 is not invalid in toto where it also contains claims governed by section 22(2). The time limit under section 22(2A) affects only the carry-forward claim for business loss; it does not defeat claims for unabsorbed depreciation and development rebate. Where both types of claims are included in one return, separate returns are not required. Accordingly, the late portion fails only as to business loss, while the remaining claims must be considered on their merits. Case-Laws Income Tax Mon, 05 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7303