AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Home / 
"Profits" and Gains of business or profession" or "capital gains"
X X X X Extracts X X X X
X X X X Extracts X X X X
....ains" desires that such loss should be carried forward, he should file such a "loss" return within the time allowed u/s.139(1) of I.T.Act. 2. A question has arisen whether in case of a "loss" return filed beyond the time mentioned in section 139(3), it would be necessary for the ITO to take cognizance of the return and proceed to pass a formal assessment order u/s.143(1)/143(3)/144. 3. The Board....