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ITR3 was filed and processed without carry forward of losses

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Raghavendra

Manger

60 Points Posted on 25 June 2022

Hello Friends,

For AY 21-22, ITR3 was filed by mistake without audit information even before submission of audit report.

Subsequently another correct ITR3 was filed after uploading audit report.

First return assessed as original return filed after due date for non-audit cases and did not carry forward losses.

Second return assessed as revised return but again loss not carried forward.

Can I obtain condonation of delay U/s 119 (2)(b) and file return again or do I need to file appeal under 35.

Replies (2)

Quick Summary

A user mistakenly filed their ITR3 without the necessary audit information and subsequently filed a correct return late. Both returns failed to carry forward losses, as this requires timely filing. The user is seeking advice on whether they can apply for condonation of delay under Section 119(2)(b) or if an appeal under Section 35 is the appropriate next step.