"Profits" and Gains of business or profession" or "capital gains"

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..... rofession" or "capital gains" 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)/ .....

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