Books of account not audited at time of filing of ITR isn’t a criteria to deny carry forward of losses: ITAT

INCOME TAX : Where assessee had filed its return of income within prescribed time, although audited financial statements could not be filed along with return of income as accounts were not audited by that time, there was no justification for denying carry forward of business loss for year under consideration based on non-filing of audited financial statementsINCOME TAX : Where assessee had filed its return of income within prescribed time, although audited financial statements could not be filed along with return of income as accounts were not audited by that time, there was no justification for denying carry forward of business loss for year under consideration based on non-filing of audited financial statementswww.taxmann.com Latest Case LawsRead More

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