Loss of earlier year cannot be set-off if not declared in Original or Revised Return

Shailaja Vs ITO (ITAT Delhi)

It is pertinent to note that the assessee has filed original  return  of income as on 31/08/2015 declaring an income of Rs. 5,71,960/- along with paying of double taxes of Rs. 43,230/- including self-assessment tax of Rs. 33,230/- on 31/8/2015. In the original return of income loss against sale of property of Rs.1,12,76,573/- was not claimed by the assessee  under  the bonafide belief that taxes are paid against income only. The assessee did not claim TDS of Rs.52,500/- deducted against the s

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