https://www.taxtmi.com/article/detailed?id=8897 A return filed under the return-of-loss provision is treated as a return under the main return provision and therefore may be revised when an omission or wrong statement is discovered. Consequently, a revised return can claim current-year business losses and seek set-off and carry forward where the loss return was originally filed in time and the loss arises in the course of business. en-us Thu, 09 Jan 2020 09:30:15 +0530 Thu, 09 Jan 2020 09:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8897 A return filed under the return-of-loss provision is treated as a return under the main return provision and therefore may be revised when an omission or wrong statement is discovered. Consequently, a revised return can claim current-year business losses and seek set-off and carry forward where the loss return was originally filed in time and the loss arises in the course of business. Articles Income Tax Thu, 09 Jan 2020 09:30:15 +0530 https://www.taxtmi.com/article/detailed?id=8897