https://www.taxtmi.com/caselaws?id=25434 The Calcutta HC applied binding precedent to answer both referred questions in favour of the assessee. It held that a loss could still be carried forward despite the loss return not having been filed within the time prescribed under section 139(3), read with section 139(9). It also held that relief under section 80J was admissible for the full year and was not to be restricted on a proportionate basis merely because the undertaking operated only for part of the period. Both statutory questions were decided for the assessee, leaving the Revenue unsuccessful. en-us Tue, 17 Jun 1986 00:00:00 +0530 Thu, 28 Jan 2010 15:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25434 The Calcutta HC applied binding precedent to answer both referred questions in favour of the assessee. It held that a loss could still be carried forward despite the loss return not having been filed within the time prescribed under section 139(3), read with section 139(9). It also held that relief under section 80J was admissible for the full year and was not to be restricted on a proportionate basis merely because the undertaking operated only for part of the period. Both statutory questions were decided for the assessee, leaving the Revenue unsuccessful. Case-Laws Income Tax Tue, 17 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25434