CBDT must condone delays in filing loss carry forward claims due to genuine hardship u/s 119(2)(b).
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....Condonation of delay in filing claim of carry forward losses u/s 119(2)(b) - in case of genuine hardship, if on account of reasons beyond the control of the assessee, an application or claim is not made by the assessee within the period specified in the Act, that powers u/s 119(2)(b) are required to be exercised by CBDT.....




TaxTMI
TaxTMI