https://www.taxtmi.com/caselaws?id=11386 The High Court dismissed the appeal, ruling that revised returns can be filed for carry forward of losses under sections 139(3) and 139(5) of the Income-tax Act. The Court held that returns filed under section 139(3) are deemed as if filed under section 139(1), making all provisions of the Act applicable, including the filing of revised returns. Therefore, the Court concluded that there was no bar to submitting revised returns for losses even if the original return was filed under section 139(3). en-us Mon, 23 Feb 2004 00:00:00 +0530 Fri, 07 Aug 2009 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11386 The High Court dismissed the appeal, ruling that revised returns can be filed for carry forward of losses under sections 139(3) and 139(5) of the Income-tax Act. The Court held that returns filed under section 139(3) are deemed as if filed under section 139(1), making all provisions of the Act applicable, including the filing of revised returns. Therefore, the Court concluded that there was no bar to submitting revised returns for losses even if the original return was filed under section 139(3). Case-Laws Income Tax Mon, 23 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11386