Acknowledgement V - "Item 3a" ??????

What does the "Item 3a" in acknowledgment V mean ????

 

please explain with an full fledge example.

Please.

 

Thanking in advance.

 

Regards

Amit Ingale.


Attached File : 28 acknowledgement.pdf downloaded: 217 times
Replies (3)

It states current year losses if any. In case you have any losses to be carried forward to next A. Y. it will be mentioned here on the acknowledgement.

Ok.

 

thanks !!!

 

In one of the case of ROI for AY 2008-09,

the loss from HP, is went to that column, rather than reducing the income for computed GTI, while filling retunr of inocme,  and now he has recived the intimation u/s 143(1) cum deemed notice of demand.   and now last date for revising the ROI for AY 0809 is also over.

You could use this case law:

ITO must allow set off even if it is not claimed - There is a duty cast on the ITO to apply the relevant provisions of the Act for the purpose of determining the true figure of the assessee’s taxable income and the consequential tax liability. Merely because the assessee fails to claim the benefit of a set off, it cannot relieve the ITO of his duty to apply section 72 in an appropriate case - CIT v. Mahalakhsmi Sugar Mills Co. Ltd. [1986] 160 ITR 920 (SC).

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