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Income Tax - Highlights / Catch Notes

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Condonation of delay in filing claim of carry forward losses u/s ...

Income Tax

April 20, 2019

Condonation of delay in filing claim of carry forward losses u/s 119(2)(b) - in case of genuine hardship, if on account of reasons beyond the control of the assessee, an application or claim is not made by the assessee within the period specified in the Act, that powers u/s 119(2)(b) are required to be exercised by CBDT.

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