https://www.taxtmi.com/caselaws?id=362640 The Court held that the time to file the return for carrying forward losses should be determined by the reasonable time specified in the notice under Section 153A(1)(a). The obligation to file any return remains suspended until such notice is issued, and if filed within the specified time, it would be deemed as filed within the time permitted under Section 139(1) for availing benefits under Section 139(3) of the Act. The decision on carrying forward losses and setting off against future income should be determined during the relevant subsequent year's assessment. The matter was remitted back to the Tribunal for further clarification. en-us Wed, 25 Apr 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362640 The Court held that the time to file the return for carrying forward losses should be determined by the reasonable time specified in the notice under Section 153A(1)(a). The obligation to file any return remains suspended until such notice is issued, and if filed within the specified time, it would be deemed as filed within the time permitted under Section 139(1) for availing benefits under Section 139(3) of the Act. The decision on carrying forward losses and setting off against future income should be determined during the relevant subsequent year's assessment. The matter was remitted back to the Tribunal for further clarification. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362640