https://www.taxtmi.com/caselaws?id=18985 The High Court of Gauhati ruled in favor of the assessee, allowing the carry forward of loss despite the delayed filing of the return under section 139(1) of the Income-tax Act. The court considered the return filed within two years from the end of the assessment year as timely filed, following precedent from CIT v. Kulu Valley Transport Co. P. Ltd. [1970] 77 ITR 518. The judgment was sent to the Income-tax Appellate Tribunal without costs. en-us Tue, 03 Jan 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18985 The High Court of Gauhati ruled in favor of the assessee, allowing the carry forward of loss despite the delayed filing of the return under section 139(1) of the Income-tax Act. The court considered the return filed within two years from the end of the assessment year as timely filed, following precedent from CIT v. Kulu Valley Transport Co. P. Ltd. [1970] 77 ITR 518. The judgment was sent to the Income-tax Appellate Tribunal without costs. Case-Laws Income Tax Tue, 03 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18985