https://www.taxtmi.com/caselaws?id=55053 The Tribunal allowed the appeal, overturning the Income-tax Officer's decision to disallow carrying forward the loss. The Tribunal held that the return, filed after the deadline due to disturbed conditions and curfew in Gujarat, should be considered within the extended time allowed by the Circular of C.B.D.T. The Tribunal emphasized the intent of the circular to provide relief to affected assessees and applied the General Clauses Act to interpret the filing deadline. Consequently, the loss was permitted to be carried forward in compliance with the law, underscoring the importance of practical considerations in tax assessments. en-us Thu, 24 Jan 1991 00:00:00 +0530 Wed, 24 Nov 2010 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55053 The Tribunal allowed the appeal, overturning the Income-tax Officer's decision to disallow carrying forward the loss. The Tribunal held that the return, filed after the deadline due to disturbed conditions and curfew in Gujarat, should be considered within the extended time allowed by the Circular of C.B.D.T. The Tribunal emphasized the intent of the circular to provide relief to affected assessees and applied the General Clauses Act to interpret the filing deadline. Consequently, the loss was permitted to be carried forward in compliance with the law, underscoring the importance of practical considerations in tax assessments. Case-Laws Income Tax Thu, 24 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55053