https://www.taxtmi.com/caselaws?id=38935 A loss return filed after the time under section 139(1) but before assessment completion was treated as sufficient for carry forward of the loss. The court read the 1961 Act as removing only the Income-tax Officer's power to extend time, not as extinguishing the right to have the loss determined where the return was filed before assessment. Since the return had been filed and the assessment completed, the statutory conditions for determination and carry forward of the loss were satisfied, and the reference was answered in favour of the assessee. en-us Wed, 09 Oct 1974 00:00:00 +0530 Sat, 10 Apr 2010 14:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38935 A loss return filed after the time under section 139(1) but before assessment completion was treated as sufficient for carry forward of the loss. The court read the 1961 Act as removing only the Income-tax Officer's power to extend time, not as extinguishing the right to have the loss determined where the return was filed before assessment. Since the return had been filed and the assessment completed, the statutory conditions for determination and carry forward of the loss were satisfied, and the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 09 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38935