https://www.taxtmi.com/caselaws?id=347413 The court allowed the appeal by Chhattisgarh State Civil Supplies Corporation, set aside the decisions disallowing the set-off/carry forward of business loss under section 80 of the Income-tax Act, 1961, due to late filing of the return for the assessment year 2006-07. The court emphasized the importance of timely filing of returns, noted provisions allowing for condonation of delay, and directed the appellant to follow prescribed procedures for seeking relief and reevaluation of the claim. The matter was remitted to the Assessing Officer with a six-month time limit for the appellant to provide necessary documentation. en-us Fri, 12 May 2017 00:00:00 +0530 Mon, 04 Sep 2017 09:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347413 The court allowed the appeal by Chhattisgarh State Civil Supplies Corporation, set aside the decisions disallowing the set-off/carry forward of business loss under section 80 of the Income-tax Act, 1961, due to late filing of the return for the assessment year 2006-07. The court emphasized the importance of timely filing of returns, noted provisions allowing for condonation of delay, and directed the appellant to follow prescribed procedures for seeking relief and reevaluation of the claim. The matter was remitted to the Assessing Officer with a six-month time limit for the appellant to provide necessary documentation. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347413