https://www.taxtmi.com/caselaws?id=32987 Carry forward of business loss depends on compliance with the filing and assessment conditions under Section 80 read with Section 139(3) of the Income-tax Act, and the controversy concerned whether an assessed loss different from the loss claimed in the return could still be carried forward. The High Court followed the connected appeal and held the issue in favour of the assessee, rejecting the Revenue's challenge on that statutory question. It also held that the Revenue's objection that the Assessing Officer had exceeded jurisdiction in refusing carry forward after earlier directions did not survive, so the challenge failed on all questions of law. en-us Fri, 06 Feb 2009 00:00:00 +0530 Tue, 14 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32987 Carry forward of business loss depends on compliance with the filing and assessment conditions under Section 80 read with Section 139(3) of the Income-tax Act, and the controversy concerned whether an assessed loss different from the loss claimed in the return could still be carried forward. The High Court followed the connected appeal and held the issue in favour of the assessee, rejecting the Revenue's challenge on that statutory question. It also held that the Revenue's objection that the Assessing Officer had exceeded jurisdiction in refusing carry forward after earlier directions did not survive, so the challenge failed on all questions of law. Case-Laws Income Tax Fri, 06 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32987