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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Entitlement to claim carry forward loss - delay in filing the ...


Court Allows Carry-Forward Loss Claim Despite One-Day Tax Filing Delay; CBDT Expected to Condone Minor Delay.

March 26, 2016

Case Laws     Income Tax     HC

Entitlement to claim carry forward loss - delay in filing the return - when the petitioner as a litigant is entitled to claim carry forward loss, mere delay should not defeat the claim of the petitioner - CBDT should have condoned the delay of one day in filing the return by the petitioner.- HC

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