https://www.taxtmi.com/caselaws?id=21845 A loss return filed under section 139(4) before assessment was treated as a valid return for the purpose of carrying forward and set-off of loss, even though it was filed after the time prescribed in section 139(1). The Court, examining sections 139(1), 139(3) and 139(4) alongside earlier Supreme Court guidance and the corresponding 1922 Act provisions, held that the statutory right to carry forward loss is not defeated by late filing within the extended period allowed by section 139(4). Earlier authorities supporting this view were approved, and the reference question was answered against the Revenue. en-us Fri, 20 Dec 1991 00:00:00 +0530 Wed, 02 Dec 2009 11:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21845 A loss return filed under section 139(4) before assessment was treated as a valid return for the purpose of carrying forward and set-off of loss, even though it was filed after the time prescribed in section 139(1). The Court, examining sections 139(1), 139(3) and 139(4) alongside earlier Supreme Court guidance and the corresponding 1922 Act provisions, held that the statutory right to carry forward loss is not defeated by late filing within the extended period allowed by section 139(4). Earlier authorities supporting this view were approved, and the reference question was answered against the Revenue. Case-Laws Income Tax Fri, 20 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21845