The ITAT Pune bench has held that where the assessee had claimed excess loss by way of revised return

The ITAT Pune bench has held that where the assessee had claimed excess loss by way of revised return 

The ITAT Pune bench has held that where the assessee claimed higher loss through revised return but did not furnish the acknowledgement of return (ITR-V) to the CPC at the material time but filed the same later and raised a request to condone the delay, which is still pending, the return of income cannot be treated invalid and thus, revised return filed subsequently, within stipulated period claiming loss at a higher level would be eligible to carry forward.



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