2001 (2) TMI 106 - HC - Income Tax

Summary

The High Court of Delhi was asked about allowing carry forward of a loss under the Income-tax Act, 1961. The court found that the returns filed by the assessee were to be treated as voluntary returns as there was no evidence of service of notice under section 148 of the Act. As a result, no question of law arose for determination, and the reference was returned unanswered.