https://www.taxtmi.com/caselaws?id=397322 The Tribunal allowed the appeal of the assessee, enabling the carry forward of the claimed loss under section 139(5) of the Income Tax Act. The Tribunal held that the return filed by the assessee was in accordance with the law, citing relevant precedents. However, the conversion of limited scrutiny to complete scrutiny was dismissed due to lack of substantial evidence supporting the claim against the AO's actions disregarding CBDT instructions. The delayed pronouncement of the order was justified by extraordinary circumstances, with the decision following a precedent from the Mumbai Bench to ensure fairness amidst the Covid-19 pandemic. en-us Thu, 18 Jun 2020 00:00:00 +0530 Fri, 14 Aug 2020 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397322 The Tribunal allowed the appeal of the assessee, enabling the carry forward of the claimed loss under section 139(5) of the Income Tax Act. The Tribunal held that the return filed by the assessee was in accordance with the law, citing relevant precedents. However, the conversion of limited scrutiny to complete scrutiny was dismissed due to lack of substantial evidence supporting the claim against the AO's actions disregarding CBDT instructions. The delayed pronouncement of the order was justified by extraordinary circumstances, with the decision following a precedent from the Mumbai Bench to ensure fairness amidst the Covid-19 pandemic. Case-Laws Income Tax Thu, 18 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397322