https://www.taxtmi.com/caselaws?id=415883 The Court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the Revenue's appeal. It was held that the delay in submitting the ITR-V form should not invalidate the timely e-filed return, especially given the relaxation provided in subsequent assessment years. The Court emphasized that denying the carry forward of losses based on delayed ITR-V submission could have serious consequences, and found no fault in the Tribunal's decision. en-us Tue, 26 Oct 2021 00:00:00 +0530 Thu, 16 Dec 2021 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415883 The Court upheld the Tribunal's decision, ruling in favor of the assessee and dismissing the Revenue's appeal. It was held that the delay in submitting the ITR-V form should not invalidate the timely e-filed return, especially given the relaxation provided in subsequent assessment years. The Court emphasized that denying the carry forward of losses based on delayed ITR-V submission could have serious consequences, and found no fault in the Tribunal's decision. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415883