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ITAT Mumbai Rejects Carry Forward Loss Due to 10-Day Delay Despite Medical Hardship
['Adv', 'Ca', 'Vijay Gupta']
taxguruin
Mtitanium Apartments Pvt.
Ltd. Vs DCIT (ITAT Mumbai)Tribunal rules that Mtitanium Apartments cannot claim ₹1.10 crore brought forward business losses as the income tax return for AY 2023-24 was filed late, despite medical hardship.
ITAT Mumbai confirms that medical exigencies cannot override statutory deadlines under section 139(1) for claiming carry forward of business losses.
FactsMtitanium Apartments Pvt.
IssuesWhether Mtitanium Apartments Pvt.
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