20 June 2013
My Assessee have some losses in 2006-07 and 2007-08. In 2008-09 also fileed ITR business loss but donot claim carry forward losses of 2006-07 and 2007-08.In 2009-10 assesse has earned Profit and adjusted carry forward losses but the Assessing Officer has not allowed the same because he said in order that you have not claimed in 2008-09.It is justified or not. pl explain with some case lawas.