https://www.taxtmi.com/caselaws?id=435656 The CBDT's extension of the return-filing deadline for that year applied only to assessees whose accounts were required to be audited under the Income-tax Act, not to those audited solely under another law. Although Explanation 2 to section 139(1) treats an assessee subject to audit under any other law as covered by the expression "due date," the extended date did not follow for loss carry-forward purposes. As the assessee's return was filed after 30.09.2016, it was belated for carrying forward business loss, and the disallowance was sustained. en-us Tue, 21 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 09:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435656 The CBDT's extension of the return-filing deadline for that year applied only to assessees whose accounts were required to be audited under the Income-tax Act, not to those audited solely under another law. Although Explanation 2 to section 139(1) treats an assessee subject to audit under any other law as covered by the expression "due date," the extended date did not follow for loss carry-forward purposes. As the assessee's return was filed after 30.09.2016, it was belated for carrying forward business loss, and the disallowance was sustained. Case-Laws Income Tax Tue, 21 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435656