https://www.taxtmi.com/caselaws?id=17461 Carry forward of business loss was treated as permissible despite the assessee not filing the return within the time prescribed under Section 139(1), because the question referred under Section 256(1) was covered by earlier binding precedent recognising that right. The Tribunal's allowance of the determined loss was said to be consistent with the settled legal position, and the issue was resolved in favour of the assessee and against the Revenue. en-us Mon, 03 Jun 1996 00:00:00 +0530 Tue, 22 Sep 2009 15:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17461 Carry forward of business loss was treated as permissible despite the assessee not filing the return within the time prescribed under Section 139(1), because the question referred under Section 256(1) was covered by earlier binding precedent recognising that right. The Tribunal's allowance of the determined loss was said to be consistent with the settled legal position, and the issue was resolved in favour of the assessee and against the Revenue. Case-Laws Income Tax Mon, 03 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17461