Exemption under Section 10B - Carry forward of losses under ...

Case Laws Income Tax

December 9, 2020

Exemption under Section 10B - Carry forward of losses under section 72 - the requirement of submission of declaration in terms of Section 10B(8) of the Act has to be treated as mandatory whereas, the requirement of submission of declaration by a time limit has to be treated as directory as the provision does not provide for any consequence by non filing of the declaration by the time limit. - HC

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Exemption under Section 10B - Carry forward of losses under ...

Case Laws Income Tax

December 9, 2020

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