https://www.taxtmi.com/caselaws?id=60368 The Tribunal held that the assessee was not entitled to carry forward and set off losses for the assessment years 1985-86 and 1986-87 due to late filing of returns, as per the amended section 80 which mandated timely filing to qualify for loss carry forward. The appeals were dismissed, emphasizing compliance with the time limits specified under section 139(1) for availing loss carry forward benefits. en-us Fri, 07 Mar 2003 00:00:00 +0530 Tue, 04 Jan 2011 18:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60368 The Tribunal held that the assessee was not entitled to carry forward and set off losses for the assessment years 1985-86 and 1986-87 due to late filing of returns, as per the amended section 80 which mandated timely filing to qualify for loss carry forward. The appeals were dismissed, emphasizing compliance with the time limits specified under section 139(1) for availing loss carry forward benefits. Case-Laws Income Tax Fri, 07 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60368