https://www.taxtmi.com/caselaws?id=22475 The High Court upheld the Tribunal's decision in favor of the assessee, determining that the assessee was entitled to carry forward a loss determined by the Income-tax Officer for the assessment year 1976-77. The Court interpreted the relevant provisions of the statute regarding the filing of returns under section 139(4) of the Income-tax Act, 1961, holding that the assessee met the criteria for carrying forward the loss. The judgment clarified the entitlement of the assessee to carry forward the loss and emphasized the application of the law existing during the relevant assessment year. en-us Thu, 28 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 12:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22475 The High Court upheld the Tribunal's decision in favor of the assessee, determining that the assessee was entitled to carry forward a loss determined by the Income-tax Officer for the assessment year 1976-77. The Court interpreted the relevant provisions of the statute regarding the filing of returns under section 139(4) of the Income-tax Act, 1961, holding that the assessee met the criteria for carrying forward the loss. The judgment clarified the entitlement of the assessee to carry forward the loss and emphasized the application of the law existing during the relevant assessment year. Case-Laws Income Tax Thu, 28 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22475