1996 (6) TMI 22

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..... Income-tax Act, 1961 (for short, the Act), for opinion of this court : " Whether under the facts and circumstances of the case, the Tribunal did not err in facts as well as in law in allowing the carry forward of loss for the assessment year 1984-85 even though the assessee did not file its return of income within the time as prescribed under section 139(1) of the Income-tax Act ? " The assess .....

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..... ned standing counsel appearing on behalf of the Revenue. None appears on behalf of the assessee. Mr. Joshi submits that this case is squarely covered by a decision of the apex court in CIT v. Kulu Valley Transport Co. P. Ltd. [1970] 77 ITR 518 and also a decision of this court in CIT v. K. C. Bezbarua, [1992] 195 ITR 321. We have gone through the decisions. In our opinion, the question referre .....

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