https://www.taxtmi.com/caselaws?id=61002 The Tribunal ultimately considered the return for assessment year 1987-88 as valid due to the nature of the loss (unabsorbed depreciation), despite being filed late. However, for assessment year 1988-89, the return was correctly treated as non est due to late filing. Both appeals were dismissed, with the Tribunal providing a detailed interpretation of Section 139(10) and its application to loss returns. en-us Thu, 21 Oct 1993 00:00:00 +0530 Mon, 10 Jan 2011 13:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61002 The Tribunal ultimately considered the return for assessment year 1987-88 as valid due to the nature of the loss (unabsorbed depreciation), despite being filed late. However, for assessment year 1988-89, the return was correctly treated as non est due to late filing. Both appeals were dismissed, with the Tribunal providing a detailed interpretation of Section 139(10) and its application to loss returns. Case-Laws Income Tax Thu, 21 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61002