[aaykarbhavan] Loss shall be carried forward if profit declared in return filed timely turned into losses after assessment

 

Loss shall be carried forward if profit declared in return filed timely turned into losses after assessment

April 19, 2014[2014] 44 taxmann.com 35 (Karnataka)

IT: Where original return filed was not a loss return but loss was determined in assessment proceeding, carry forward of loss on account of violation of section 80 could not be denied

Regards

Prarthana Jalan

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