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Carry forward losses

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2013 My Assessee have some losses in 2006-07 and 2007-08. In 2008-09 also fileed ITR business loss but donot claim carry forward losses of 2006-07 and 2007-08.In 2009-10 assesse has earned Profit and adjusted carry forward losses but the Assessing Officer has not allowed the same because he said in order that you have not claimed in 2008-09.It is justified or not. pl explain with some case lawas.

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Anil

Ani
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 June 2013 Yes. your A.O. justified since you were not claimed the carry forward loss in subsequent year, then cannot claim
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2013 Sir I Think this is wrong because it is only a clerical mistake actual loss return was filled in timely. Pl Check again



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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 June 2013 My view, still not possible

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