https://www.taxtmi.com/caselaws?id=310855 The Court dismissed the appeal at the admission stage, affirming the Income Tax Appellate Tribunal's decision. It held that a revised return filed under Section 139(5) should be considered for the carry forward of losses, even if the original return was filed under Section 139(3). The Court found that a return under Section 139(3) is deemed to be under Section 139(1), thus allowing the applicability of Section 139(5) for filing revised returns. The appellant's argument against this interpretation was rejected, and no substantial question of law was found. en-us Mon, 23 Feb 2004 00:00:00 +0530 Wed, 22 Nov 2023 14:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310855 The Court dismissed the appeal at the admission stage, affirming the Income Tax Appellate Tribunal's decision. It held that a revised return filed under Section 139(5) should be considered for the carry forward of losses, even if the original return was filed under Section 139(3). The Court found that a return under Section 139(3) is deemed to be under Section 139(1), thus allowing the applicability of Section 139(5) for filing revised returns. The appellant's argument against this interpretation was rejected, and no substantial question of law was found. Case-Laws Income Tax Mon, 23 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310855