https://www.taxtmi.com/caselaws?id=376628 The court dismissed the petition, upholding the AAR's decision that Petitioner No. 1 was not entitled to carry forward accumulated losses under Section 74 of the Income Tax Act, 1961, due to non-compliance with the statutory requirements of filing a return of income. The ruling clarified that the decision would not affect the individual claims of the three series (funds) if they are otherwise entitled to carry forward losses under the Act. en-us Fri, 08 Mar 2019 00:00:00 +0530 Wed, 19 Feb 2020 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376628 The court dismissed the petition, upholding the AAR's decision that Petitioner No. 1 was not entitled to carry forward accumulated losses under Section 74 of the Income Tax Act, 1961, due to non-compliance with the statutory requirements of filing a return of income. The ruling clarified that the decision would not affect the individual claims of the three series (funds) if they are otherwise entitled to carry forward losses under the Act. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376628