https://www.taxtmi.com/caselaws?id=19050 A return filed within the extended time under section 139(4) can satisfy the statutory requirement for carrying forward business loss when sections 139(1), 139(3), 139(4), 72(1) and 80 are read together. The Court followed the earlier view that the benefit of carry forward is not defeated merely because the return was not filed by the original due date, so long as it was filed before completion of assessment and within the extended statutory period. On that basis, the assessee was held entitled to carry forward the loss, and the issue was answered in favour of the assessee. en-us Mon, 10 Jan 1994 00:00:00 +0530 Tue, 03 Nov 2009 16:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19050 A return filed within the extended time under section 139(4) can satisfy the statutory requirement for carrying forward business loss when sections 139(1), 139(3), 139(4), 72(1) and 80 are read together. The Court followed the earlier view that the benefit of carry forward is not defeated merely because the return was not filed by the original due date, so long as it was filed before completion of assessment and within the extended statutory period. On that basis, the assessee was held entitled to carry forward the loss, and the issue was answered in favour of the assessee. Case-Laws Income Tax Mon, 10 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19050