https://www.taxtmi.com/caselaws?id=59181 The Tribunal held that the return filed on 15-12-1982 should be treated as a return under section 139(4) of the Income-tax Act, allowing the assessee to carry forward the loss. The Tribunal emphasized that the provisions of section 148 do not override the right to file a return under section 139(4) and carry forward the loss. The appeal was allowed in favor of the assessee, rejecting the department's contention to deny the benefit of carrying forward the loss due to the late filing of the return. en-us Tue, 08 Jul 1986 00:00:00 +0530 Sat, 25 Dec 2010 14:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59181 The Tribunal held that the return filed on 15-12-1982 should be treated as a return under section 139(4) of the Income-tax Act, allowing the assessee to carry forward the loss. The Tribunal emphasized that the provisions of section 148 do not override the right to file a return under section 139(4) and carry forward the loss. The appeal was allowed in favor of the assessee, rejecting the department's contention to deny the benefit of carrying forward the loss due to the late filing of the return. Case-Laws Income Tax Tue, 08 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59181