https://www.taxtmi.com/caselaws?id=57486 The Appellate Tribunal ITAT Bangalore ruled in favor of the assessee, allowing the benefit of carry-forward of loss despite filing the return one day after the specified date. The Tribunal interpreted the expression "before 30-6-1986" to include the specified date, emphasizing legislative intent and rejecting a strict interpretation. The decision, upholding the CIT(A)'s ruling, serves as a precedent for similar cases, emphasizing the importance of considering legislative intent in statutory interpretation. en-us Thu, 07 Jul 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57486 The Appellate Tribunal ITAT Bangalore ruled in favor of the assessee, allowing the benefit of carry-forward of loss despite filing the return one day after the specified date. The Tribunal interpreted the expression "before 30-6-1986" to include the specified date, emphasizing legislative intent and rejecting a strict interpretation. The decision, upholding the CIT(A)'s ruling, serves as a precedent for similar cases, emphasizing the importance of considering legislative intent in statutory interpretation. Case-Laws Income Tax Thu, 07 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57486