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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

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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