https://www.taxtmi.com/caselaws?id=306706 The Tribunal allowed the appeal, setting aside the denial of carry-forward of losses for the Assessment Year 2019-2020 due to a minor delay in filing the return of income caused by technical issues. Emphasizing the genuine efforts made by the assessee and citing legal precedents, the Tribunal remanded the matter to the CIT(A) for verification of the delay. If confirmed, the return would be considered filed under section 139(1), enabling the carry-forward of losses. The decision highlighted the importance of a justice-oriented approach to prevent legitimate claims from being denied based on minor technicalities. en-us Wed, 11 May 2022 00:00:00 +0530 Mon, 20 Feb 2023 08:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306706 The Tribunal allowed the appeal, setting aside the denial of carry-forward of losses for the Assessment Year 2019-2020 due to a minor delay in filing the return of income caused by technical issues. Emphasizing the genuine efforts made by the assessee and citing legal precedents, the Tribunal remanded the matter to the CIT(A) for verification of the delay. If confirmed, the return would be considered filed under section 139(1), enabling the carry-forward of losses. The decision highlighted the importance of a justice-oriented approach to prevent legitimate claims from being denied based on minor technicalities. Case-Laws Income Tax Wed, 11 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306706