https://www.taxtmi.com/caselaws?id=59931 The Tribunal held that the CIT(A) had jurisdiction to adjudicate on the carry forward of loss in the assessment year 1990-91. However, the Tribunal concluded that the loss incurred in AY 1987-88 could not be carried forward and set off against the income of AY 1990-91 due to the belated filing of the return beyond the time limit specified in section 139(1). Consequently, the Tribunal allowed the revenue's appeal, vacating the CIT(A)'s order and restoring the Assessing Officer's decision to disallow the carry forward and set off of the loss. en-us Fri, 27 Sep 2002 00:00:00 +0530 Sat, 01 Jan 2011 18:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59931 The Tribunal held that the CIT(A) had jurisdiction to adjudicate on the carry forward of loss in the assessment year 1990-91. However, the Tribunal concluded that the loss incurred in AY 1987-88 could not be carried forward and set off against the income of AY 1990-91 due to the belated filing of the return beyond the time limit specified in section 139(1). Consequently, the Tribunal allowed the revenue's appeal, vacating the CIT(A)'s order and restoring the Assessing Officer's decision to disallow the carry forward and set off of the loss. Case-Laws Income Tax Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59931