https://www.taxtmi.com/caselaws?id=307563 The Tribunal upheld the decision of the ld. CIT(A) to allow the carried forward loss, considering the technical snag as a valid reason for the delay in filing the return of income. The Tribunal cited legal precedents where delays caused by technical issues were not attributed to the assessee's fault and allowed the carry forward of losses. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decision to permit the carried forward loss due to technical snag-induced delay in filing the return. en-us Tue, 17 May 2022 00:00:00 +0530 Fri, 21 Apr 2023 21:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307563 The Tribunal upheld the decision of the ld. CIT(A) to allow the carried forward loss, considering the technical snag as a valid reason for the delay in filing the return of income. The Tribunal cited legal precedents where delays caused by technical issues were not attributed to the assessee's fault and allowed the carry forward of losses. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decision to permit the carried forward loss due to technical snag-induced delay in filing the return. Case-Laws Income Tax Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307563