https://www.taxtmi.com/caselaws?id=22525 The judgment ruled in favor of the Revenue for the assessment years 1970-71 and 1971-72, denying the benefit of carry forward and set off of losses as returns were not filed under section 139 but in response to notices under section 148. However, the judgment favored the assessee for the assessment year 1972-73, allowing the carry forward of losses as the return was filed within the prescribed time. The court highlighted the importance of filing returns under specific sections for claiming losses and the legal implications of notices under section 148. en-us Tue, 09 Jan 1990 00:00:00 +0530 Thu, 10 Dec 2009 18:47:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22525 The judgment ruled in favor of the Revenue for the assessment years 1970-71 and 1971-72, denying the benefit of carry forward and set off of losses as returns were not filed under section 139 but in response to notices under section 148. However, the judgment favored the assessee for the assessment year 1972-73, allowing the carry forward of losses as the return was filed within the prescribed time. The court highlighted the importance of filing returns under specific sections for claiming losses and the legal implications of notices under section 148. Case-Laws Income Tax Tue, 09 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22525