carry forward of losses

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preeti (Querist)
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13 November 2009 I want to know that if a firm has some losses in A.Y 2005-06 and firm claim this loss in A.Y 2005-06 in return assessed u/s 143(1). But in A.Y 2007-08 the firm had not claimed carry foward losses in the return it was disallowed by the A.O u/s 143(3). Is there any way to claim it.

Guest

Guest (Expert)

14 November 2009 AT THE TIME OF ASSESSEMENT YOU CAN CLAIM IT.

If AO Disallowas, you can got CIT (A)

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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14 November 2009 Agree with expert

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M Prabhakar Menon

M Prabhakar Menon (Expert)
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14 November 2009 In AY 2007-08 u have not claimed carry forward of loss in the return so how is it disallowed? Pl c the assesment order for AY 2007-08 and file an application u/s 154 before the AO as it is a mistake apparant from the record. In case u do not receive a favourable order u can file an appeal before the concerned CIT(A).