https://www.taxtmi.com/highlights?id=55817 Exemption under Section 10B - Carry forward of losses under section 72 - the requirement of submission of declaration in terms of Section 10B(8) of the Act has to be treated as mandatory whereas, the requirement of submission of declaration by a time limit has to be treated as directory as the provision does not provide for any consequence by non filing of the declaration by the time limit. - HC en-us Wed, 09 Dec 2020 11:46:56 +0530 Wed, 09 Dec 2020 11:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55817 Exemption under Section 10B - Carry forward of losses under section 72 - the requirement of submission of declaration in terms of Section 10B(8) of the Act has to be treated as mandatory whereas, the requirement of submission of declaration by a time limit has to be treated as directory as the provision does not provide for any consequence by non filing of the declaration by the time limit. - HC Highlights Income Tax Wed, 09 Dec 2020 11:46:56 +0530 https://www.taxtmi.com/highlights?id=55817