Unabsorbed business loss – carry forward of losses - assessee ...

Unabsorbed business losses can only be carried forward if calculated from a return filed on time u/s 139(1).

June 28, 2012

Case Laws Income Tax HC

Unabsorbed business loss – carry forward of losses - assessee shall be entitled to carry forward unabsorbed business loss only if such loss is computed based on a return filed within the statutory period provided under section 139(1). - HC

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Unabsorbed business loss – carry forward of losses - assessee ...

Unabsorbed business losses can only be carried forward if calculated from a return filed on time u/s 139(1).

June 28, 2012

Case Laws Income Tax HC

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