{"id":7391,"date":"2019-09-24T06:25:23","date_gmt":"2019-09-24T06:25:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-kerala-state-construction-corporation-ltd-2019-177-dtr-411-308-ctr-841-ker-hc\/"},"modified":"2020-01-11T01:46:08","modified_gmt":"2020-01-11T01:46:08","slug":"cit-v-kerala-state-construction-corporation-ltd-2019-177-dtr-411-308-ctr-841-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-kerala-state-construction-corporation-ltd-2019-177-dtr-411-308-ctr-841-ker-hc\/","title":{"rendered":"CIT v. Kerala State Construction Corporation Ltd. (2019) 177 DTR 411\/ 308 CTR 841\/ 267 Taxman 256 (Ker.)(HC)"},"content":{"rendered":"<p>Where the assessee filed the original return under section 139(1), and not 139(3), and sought to revise it under 139(5), it was eligible to set off the losses under the head \u2018profits and gains of business or profession\u2019 or \u2018capital gains\u2019 by way of such revised return. However, it could not carry forward such losses since a carry forward of such losses requires the original return to be filed under section 139(3) and not 139(1). (AY. 2006-07) (ITA No. 237 of 2012; dt. 07.02.2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 139 : Return of income \u2013 Return under 139(3) is necessary in order to carry forward losses under the head \u2018business or profession\u2019 or \u2018capital gains\u2019- Claim for carry forward and set off of busness loss is not allowed . . [S.45, 139(1), 139(3), 139(5)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7391","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Vd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=7391"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7391\/revisions"}],"predecessor-version":[{"id":9132,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7391\/revisions\/9132"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}