1984 (2) TMI 171

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....f Rs. 33,380. 2 . For the assessment year 1976-77, the ITO assessed the loss of the assessee from business at Rs. 33,380 but did not allow carry forward of the loss on the ground that "the return of income was not filed within the time as prescribed under section 139(3)". In an appeal by the assessee, the AAC accepted the reasons given by the ITO and confirmed the later's order. Being aggrieved....