https://www.taxtmi.com/caselaws?id=448458 The Tribunal allowed the appeal, directing the Assessing Officer to permit the carry forward of the loss amount for Assessment Year 2019-20, which was initially disallowed by the CIT(A). The Tribunal found that the original return was filed within the specified time limit, and the error in considering the revised return as belated led to the incorrect disallowance of the carry forward of losses. The decision corrected this error, allowing the assessee to carry forward the claimed losses. en-us Wed, 17 Jan 2024 00:00:00 +0530 Fri, 19 Jan 2024 08:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448458 The Tribunal allowed the appeal, directing the Assessing Officer to permit the carry forward of the loss amount for Assessment Year 2019-20, which was initially disallowed by the CIT(A). The Tribunal found that the original return was filed within the specified time limit, and the error in considering the revised return as belated led to the incorrect disallowance of the carry forward of losses. The decision corrected this error, allowing the assessee to carry forward the claimed losses. Case-Laws Income Tax Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448458