Where a declarant exercises the option in Form 1 of carrying forward the reduced loss ( arrived at after the addition made by the A.O. in the assessment order), the certificate to be issued by the designated authority ( Form 3) and the order to be passed by the designated authority ( Form 5) does not prescribe an appropriate wording permitting the declarant to carry forward the reduced loss to subsequent years. In the absence of an appropriate wording how is a declarant protected that in future the assessing officer does not deny the benefit of carry forward of the reduced amount of loss.<\/p>\n","protected":false},"excerpt":{"rendered":"
Where a declarant exercises the option in Form 1 of carrying forward the reduced loss ( arrived at after the addition made by the A.O. in the assessment order), the certificate to be issued by the designated authority ( Form 3) and the order to be passed by the designated authority ( Form 5) does not prescribe an appropriate wording permitting the declarant to carry forward the reduced loss to subsequent years. In the absence of an appropriate wording how is a declarant protected that in future the assessing officer does not deny the benefit of carry forward of the reduced amount of loss.<\/p>\n