Denial of DTVSV Benefits for Loss Carry Forward Based on Later Return Erroneous: Delhi HC

IE Venture Fund I Vs PCIT (Delhi High Court) The petitioner has filed the present petition, wherein the case of the petitioner was rejected on the premise that the petitioner’s case did not fall under Rule 9 of the Direct Tax Vivad Se Vishwas Rules, 2024. The petitioner had filed its return of income for the AY 2022-23, u/s 139 declaring loss of RS. 17,68,31,441/-. Case was picked up for scrutiny and petitioner was directed to furnish relevant evidence in support of its return on or before 16.06.2023. The petitioner was also required to provide further details. The petitioner responded to th...