https://www.taxtmi.com/caselaws?id=21537 The court ruled in favor of the assessee, holding that a return filed after receiving a notice under section 148 can be deemed as a return under section 139(4) of the Income-tax Act, 1961. The court determined that the right to file a return under section 139(4) is not lost due to proceedings under section 147. Consequently, the assessee was entitled to carry forward the loss declared in the return filed after the notice under section 148, as it was deemed to be under section 139(4). en-us Wed, 14 Aug 1991 00:00:00 +0530 Mon, 27 Mar 2017 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21537 The court ruled in favor of the assessee, holding that a return filed after receiving a notice under section 148 can be deemed as a return under section 139(4) of the Income-tax Act, 1961. The court determined that the right to file a return under section 139(4) is not lost due to proceedings under section 147. Consequently, the assessee was entitled to carry forward the loss declared in the return filed after the notice under section 148, as it was deemed to be under section 139(4). Case-Laws Income Tax Wed, 14 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21537