Carry forward of business losses - the assessee in the instant ...
Assessee Misses Income Tax Return Deadline u/s 139(1), Loses Right to Carry Forward Business Losses.
May 14, 2016
Case Laws Income Tax AT
Carry forward of business losses - the assessee in the instant case did not file return of income within due date as prescribed u/s 139(1) of the Act and hence , the assessee will not be allowed to carry forward un-adjusted business loss - AT
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