Set off of brought forward losses

This query is : Resolved

Manoj Mehta (Querist)
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10 February 2015 Hi

We have brought forward losses as per returns of income filled pertains to previous years. Though as per assessment orders of same years, there is no loss available because of certain dis allowances of exp. but we already filed the appeal with appellate authorities against such orders.

Can we claim set off of brought forward business losses with our current year's business income. Such brought forward losses as per returns filled by us in previous years

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 February 2015 Yes you have to do it, so that if you win in appeal AO will revise assessment allowing such brought forward losses.

Manoj Mehta

Manoj Mehta (Querist)
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11 February 2015 Mr. Seetharaman

Thanks but I didn't get it

Whether we can claim set off as of now or only after winning of appeal. As of now appeal is yet to be disposed.

Please clarify

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 February 2015 Claim set off as of now pending appeal.

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