Benefit of carry forward of set off of loss - restriction u/s 80 ...

Taxpayer Cannot Claim Loss Carry Forward for Late Filing per Section 80, Despite Valid Reasons for Delay.

September 10, 2015

Case Laws Income Tax AT

Benefit of carry forward of set off of loss - restriction u/s 80 - even though it had very genuine and reasonable cause for not filing return of income for A.Y. 2004-05 on or before the due date u/s. 139(1) of the Act. It is not possible to allow relief to the assessee based on equitable considerations - AT

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Benefit of carry forward of set off of loss - restriction u/s 80 ...

Taxpayer Cannot Claim Loss Carry Forward for Late Filing per Section 80, Despite Valid Reasons for Delay.

September 10, 2015

Case Laws Income Tax AT

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