Court Allows Carry-Forward Loss Claim Despite One-Day Tax Filing Delay; CBDT Expected to Condone Minor Delay.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Entitlement to claim carry forward loss - delay in filing the return - when the petitioner as a litigant is entitled to claim carry forward loss, mere delay should not defeat the claim of the petitioner - CBDT should have condoned the delay of one day in filing the return by the petitioner.- HC....