Just a moment...

⚠✕
Report
ReportReport
Welcome to TaxTMI ✕

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Report an Error ✕
Type of Error :
Please tell us about the error :
Min 15 characters0/2000
Make Most of Text Search ✕
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    5. Text Search
  5. The system will try to fetch results that contains ALL your words.
  6. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    7. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
0 /50 characters
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
Filter in All Highlights ❯
    June 11, 2025 Case Laws GST
    GST Registration Cancellation Can Be Remedied: Taxpayers Allowed to File Pending Returns and Restore Status Under Section 29(2)(c)
    June 11, 2025 Case Laws GST
    Legal Challenge Upheld: GST Order Invalidated for Procedural Unfairness and Incomplete Evidence Evaluation Under Section 73
    June 11, 2025 Case Laws GST
    Bidder Cannot Challenge Tender Terms Post-Execution After Voluntarily Participating in Bidding Process with Tax-Inclusive Rates
    June 11, 2025 Case Laws GST
    Procedural Fairness Prevails: SCN Communication Defect Nullifies Proceedings, Mandates Fresh Review Under Natural Justice Principles
    June 11, 2025 Case Laws GST
    Writ Petition Succeeds: BPCL Machines Released After Court Finds No Tax Evasion in Stock Transfer Proceedings
    June 11, 2025 Case Laws GST
    Procedural Violations Invalidate Notice: Natural Justice Principles Require Fair Hearing and Opportunity to Respond
    June 11, 2025 Case Laws GST
    Tax Liabilities Resolved: Petitioner Allowed to Settle Outstanding Dues Under GST Circular No. 238/32/2024 with Full Waiver Consideration
    June 11, 2025 Case Laws Income Tax
    Tax Reassessment Notice Invalidated: Procedural Defect in Section 148 Approval Renders Proceedings Null and Void
    June 11, 2025 Case Laws Income Tax
    Taxpayer's Inadvertent Accounting Error Overturned, Refund Granted Under Section 119(2)(b) with Substantive Rights Preserved
    June 11, 2025 Case Laws Income Tax
    Private University Wins Tax Exemption Battle, ITAT Orders Comprehensive Review of 80G Registration Application
    June 10, 2025 Notifications Companies Law
    Companies Must Attach Signed PDF Financial Statements with XBRL Filings, Enhancing Digital Transparency and Documentation Standards
    June 11, 2025 Case Laws Income Tax
    Income Tax Calculation Dispute: Tribunal Orders Detailed Reassessment of Capital Grants and Subsidies Income
    June 11, 2025 Case Laws Income Tax
    Income Tax Penalty Upheld: Failure to Respond and Disclose Income Leads to Confirmed Penalty Under Section 271(1)(c)
    June 11, 2025 Case Laws Income Tax
    Revisional Powers Limited: Section 263 Cannot Override Comprehensive Assessment When Detailed Inquiry Already Conducted
    June 11, 2025 Case Laws Income Tax
    Unexplained Cash Deposits: Taxpayer Fails to Substantiate Source, Tribunal Upholds Tax Demand Under Section 147
    June 11, 2025 Case Laws Income Tax
    Tax Exemption Ruling: Reasonable Technical Delays Accepted, but Ownership Requirement Strictly Interpreted for Capital Gains
    June 11, 2025 Case Laws Income Tax
    Project Revenue Recognition Dispute Resolved: Consistent Accounting Method Prevails, Computational Challenges Rejected
    June 11, 2025 Case Laws Customs
    Imported Wireless Access Points with MIMO Technology Qualify for Nil Duty Rate Under Notification 24/2005 Based on Ingram Micro Precedent
    June 11, 2025 Case Laws Customs
    Plastic Granules Import Validated: Export-Linked Scheme Confirms Legitimate Trade Nexus Under Foreign Trade Policy Rules
    June 11, 2025 Case Laws Customs
    Dry Dates Import Dispute: Origin Determined by Documentary Evidence, Not Packing Materials
❮

Are you sure you want to delete "My most important" ?

NOTE:

Highlights
Back

All Highlights

Showing Results for : Law : AllReset Filters
Kindly select a record to view
Show Listing
Case ID :
Income Tax

Denial of benefit of carry forward & setting off of loss and...

Late Tax Return Denies Carry Forward of Losses and Exemptions Under Income Tax Act Sections 11 and 12.

📋
Contents
Note

Note

Note

Bookmark

Note

More

PrintDownload

Print Options

Income TaxMarch 27, 2023Case LawsAT

Denial of benefit of carry forward & setting off of loss and exemption u/s 11 r.w.s. 12 - Belated filing of ITR - In the impugned case on hand, the total receipts declared by the assessee , we observe that there is excess expenditure over income which is loss suffered by the assessee during the year. Therefore, in this case, the claim of deduction from income under section 11 and 12(1) (ba) does not arise. - AT

View Source View

Topics

ActsIncome Tax
Next ➔