https://www.taxtmi.com/caselaws?id=35261 The Court held that the Assessing Officer must consider applications for extension of time under the Proviso to Section 139(1) read with Rule 13 of the Rules. Automatic extensions without valid reasons are not permissible. The Tribunal was directed to reconsider the matter, emphasizing the importance of evaluating extension requests before disregarding returns filed beyond the stipulated time. Fair procedures and assessment of reasons for seeking extensions are crucial before disallowing carried forward losses. The judgment favored the assessee, stating that the Tribunal erred in ignoring the return without examining the extension reasons. en-us Tue, 10 Nov 2009 00:00:00 +0530 Tue, 09 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35261 The Court held that the Assessing Officer must consider applications for extension of time under the Proviso to Section 139(1) read with Rule 13 of the Rules. Automatic extensions without valid reasons are not permissible. The Tribunal was directed to reconsider the matter, emphasizing the importance of evaluating extension requests before disregarding returns filed beyond the stipulated time. Fair procedures and assessment of reasons for seeking extensions are crucial before disallowing carried forward losses. The judgment favored the assessee, stating that the Tribunal erred in ignoring the return without examining the extension reasons. Case-Laws Income Tax Tue, 10 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35261