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Income Tax - Highlights / Catch Notes

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Assessment u/s 153A - benefit of carry forward of losses - ...

Income Tax

May 11, 2019

Assessment u/s 153A - benefit of carry forward of losses - assessee has claimed the business loss and carried forward the loss in the return of income filed u/s 139(1) and 153A - due to inadvertent technical error the claim was not properly appearing in the acknowledgment of return generated - assessee should not be penalized for genuine error - loss allowable

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