https://www.taxtmi.com/caselaws?id=18985 A return filed before assessment was completed and within the period permitted under section 139(4)(a) of the Income-tax Act was treated as a valid return for the purposes of claiming carry forward of business loss. Applying the principle in CIT v. Kulu Valley Transport Co. P. Ltd., the return was regarded as filed within time despite not being within section 139(3), because it was furnished within two years from the end of the assessment year. The assessee was therefore entitled to carry forward the loss. 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 A return filed before assessment was completed and within the period permitted under section 139(4)(a) of the Income-tax Act was treated as a valid return for the purposes of claiming carry forward of business loss. Applying the principle in CIT v. Kulu Valley Transport Co. P. Ltd., the return was regarded as filed within time despite not being within section 139(3), because it was furnished within two years from the end of the assessment year. The assessee was therefore entitled to carry forward the loss. Case-Laws Income Tax Tue, 03 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18985