https://www.taxtmi.com/caselaws?id=411639 The Tribunal dismissed the Revenue's appeal, ruling that the Assessing Officer could not deny carry-forward of losses based on the late filing of the return under section 153A. The decision emphasized that regular assessment provisions apply when assessments are not abated during the search, and additions can only be made based on incriminating material. Therefore, the Tribunal held that the denial of carry-forward of losses claimed under section 153A was not justified in this case. en-us Wed, 25 Aug 2021 00:00:00 +0530 Mon, 30 Aug 2021 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411639 The Tribunal dismissed the Revenue's appeal, ruling that the Assessing Officer could not deny carry-forward of losses based on the late filing of the return under section 153A. The decision emphasized that regular assessment provisions apply when assessments are not abated during the search, and additions can only be made based on incriminating material. Therefore, the Tribunal held that the denial of carry-forward of losses claimed under section 153A was not justified in this case. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411639