7-Day Delay in Filing Return Cannot Defeat Carry Forward of Loss: Calcutta HC

Padmalochanan Radhakrishnan Vs Union of India & Ors. (Calcutta High Court) The Calcutta High Court examined the validity of orders dated 17.10.2025 and 30.10.2025 rejecting the petitioner’s claim for carry forward of loss on the ground that the income tax return was filed belatedly under Section 139(4) of the Income Tax Act, 1961. The petitioner submitted that the due date for filing the return for Assessment Year 2022-23 was 31 July 2022, but due to unavoidable circumstances, the return was filed with a delay of seven days. Because of the delay, the system did not permit carry forward o...