No Claim of Capital Loss when revised Income Tax Return filed u/s 139(5) became non-est: ITAT [Read Order]

By Taxscan Team - On October 25, 2022 8:19 pm - 2 mins read
Claim - Capital Loss - Income Tax Return - non-est - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune Bench held that there is no claim of capital loss when revised return filed under Section 139(5) of the Income Tax Act, 1961 became non-est. The adjudication for the impugned assessment year shall rest on answering the question of whether income reported by filing belated return filed can…

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