https://www.taxtmi.com/caselaws?id=18446 The court ruled against the assessee, denying the benefit of carrying forward assessed losses for the years 1980-81 and 1982-83. The return filed after receiving notice under section 148 was deemed invalid for section 139(2) purposes, leading to the rejection of the carry forward and set-off of losses. The court emphasized the significance of timely and compliant return filing within the prescribed statutory period, highlighting the necessity of strict adherence to legal provisions for claiming benefits under the Income-tax Act. en-us Tue, 23 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 10:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18446 The court ruled against the assessee, denying the benefit of carrying forward assessed losses for the years 1980-81 and 1982-83. The return filed after receiving notice under section 148 was deemed invalid for section 139(2) purposes, leading to the rejection of the carry forward and set-off of losses. The court emphasized the significance of timely and compliant return filing within the prescribed statutory period, highlighting the necessity of strict adherence to legal provisions for claiming benefits under the Income-tax Act. Case-Laws Income Tax Tue, 23 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18446