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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Benefit of carry forward of set off of loss - restriction u/s 80 ...

Income Tax

September 10, 2015

Benefit of carry forward of set off of loss - restriction u/s 80 - even though it had very genuine and reasonable cause for not filing return of income for A.Y. 2004-05 on or before the due date u/s. 139(1) of the Act. It is not possible to allow relief to the assessee based on equitable considerations - AT

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