Elahi Corporation Vs The ITO, Ward-3(3)(1) Ahmedabad

Parties Involved

Facts Summary

Elahi Corporation filed an appeal against the order of the Commissioner of Income Tax (Appeal)-7, National Faceless Appeal Centre (NFAC), Mumbai dated 23.2.2024 for the Asst.Year 2019-20 passed under section 250 of the Income Tax Act, 1961. The assessee challenged the disallowance of carried forward loss of Rs.6,25,487/- on the ground that return of income was not filed within due date. The assessee had filed return within the due date along with audit report and had carried forward loss of Rs.6,25,487/-. The assessee had complied with procedural aspects of filing the audit report as mandated.…

Legal Issues

• 1. Disallowance of carried forward loss of Rs.6,25,487/- on the ground that return of income was not filed within due date.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

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