https://www.taxtmi.com/caselaws?id=16958 The High Court ruled in favor of the assessee, allowing the carry forward of a loss despite the belated submission of the income tax return. The Court upheld the decision of the Tribunal, emphasizing that returns filed under section 139(4) before assessment should be considered for carrying forward losses. The Court cited various High Court judgments and the Supreme Court decision, affirming that the delay was justified due to the unavailability of necessary details. Consequently, the Court directed the Assessing Officer to process the belated return and permit the carry forward of the loss to subsequent years. en-us Tue, 24 Sep 1996 00:00:00 +0530 Mon, 14 Sep 2009 12:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16958 The High Court ruled in favor of the assessee, allowing the carry forward of a loss despite the belated submission of the income tax return. The Court upheld the decision of the Tribunal, emphasizing that returns filed under section 139(4) before assessment should be considered for carrying forward losses. The Court cited various High Court judgments and the Supreme Court decision, affirming that the delay was justified due to the unavailability of necessary details. Consequently, the Court directed the Assessing Officer to process the belated return and permit the carry forward of the loss to subsequent years. Case-Laws Income Tax Tue, 24 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16958