https://www.taxtmi.com/article/detailed?id=8349 A liberal approach is urged for the carry forward of losses, with reinstatement of Assessing Officer discretion to extend filing deadlines for returns of income or loss on reasonable cause, subject to interest for delayed periods. Practical hardships from delayed filing and operational disruptions justify administrative flexibility, and carry forward/set off rules should be applied liberally, including where changes in shareholding occur to revive closely held companies. en-us Thu, 31 Jan 2019 06:29:13 +0530 Thu, 31 Jan 2019 06:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8349 A liberal approach is urged for the carry forward of losses, with reinstatement of Assessing Officer discretion to extend filing deadlines for returns of income or loss on reasonable cause, subject to interest for delayed periods. Practical hardships from delayed filing and operational disruptions justify administrative flexibility, and carry forward/set off rules should be applied liberally, including where changes in shareholding occur to revive closely held companies. Articles Income Tax Thu, 31 Jan 2019 06:29:13 +0530 https://www.taxtmi.com/article/detailed?id=8349