https://www.taxtmi.com/caselaws?id=20979 The High Court of Calcutta ruled in favor of the assessee in a case concerning the entitlement to the benefit of carry forward of loss for the assessment year 1985-86 under the Income-tax Act, 1961. Despite the Income-tax Officer not formally approving extension requests for filing returns, the Court held that in the absence of communication on rejection, it must be presumed that the extension was granted. As the assessee filed the return within the requested extended period, the Officer could not deny the benefit of carry forward of loss. The Court directed the Officer to grant the benefit, emphasizing the presumption of acceptance of extension requests. en-us Mon, 08 Feb 1993 00:00:00 +0530 Wed, 18 Nov 2009 13:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20979 The High Court of Calcutta ruled in favor of the assessee in a case concerning the entitlement to the benefit of carry forward of loss for the assessment year 1985-86 under the Income-tax Act, 1961. Despite the Income-tax Officer not formally approving extension requests for filing returns, the Court held that in the absence of communication on rejection, it must be presumed that the extension was granted. As the assessee filed the return within the requested extended period, the Officer could not deny the benefit of carry forward of loss. The Court directed the Officer to grant the benefit, emphasizing the presumption of acceptance of extension requests. Case-Laws Income Tax Mon, 08 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20979