Top Legal Developments [9-15 Feb, 2026] | Key SC & HC Rulings; New guidelines for designation of Senior Advocates; 36 Private Members Bills; and more
A quick roundup to cover all the important legal developments and cases this week.
carry forward of losses
Carry forward of losses cannot be denied once return is validly filed under S. 139(1) of Income Tax Act
The assessee’s submitted that the authorities wrongly disallowed the carry forward of losses only because the return was filed late on 1-11-2019 at 00:00:37, and therefore not treated as a valid return under Section 139(1) of the Income Tax Act, 1961.