Taxpayer Wins Right to Carry Forward Losses Despite Late Submission of Form ITR-V, Says AO Cannot Invalidate Return.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AO is not justified in treating the original return of income as invalid for belated receipt of Form ITR-V. - AO directed to grant the benefit of the determined business losses for future years. - AT....