carry forward of losses

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preeti (Querist)
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13 November 2009 I want to know that if a firm has some losses in A.Y 2005-06 and firm claim this loss in A.Y 2005-06 in return assessed u/s 143(1). But in A.Y 2007-08 the firm had not claimed carry foward losses in the return it was disallowed by the A.O u/s 143(3). Is there any way to claim it.

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Guest (Expert)

14 November 2009 AT THE TIME OF ASSESSEMENT YOU CAN CLAIM IT.

If AO Disallowas, you can got CIT (A)

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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14 November 2009 Agree with expert

M Prabhakar Menon

M Prabhakar Menon (Expert)
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14 November 2009 In AY 2007-08 u have not claimed carry forward of loss in the return so how is it disallowed? Pl c the assesment order for AY 2007-08 and file an application u/s 154 before the AO as it is a mistake apparant from the record. In case u do not receive a favourable order u can file an appeal before the concerned CIT(A).