When, in the course of the assessment of the total income of any assessee, it
is established that a loss has taken place which the assessee is entitled to
have carried forward and set off under the provisions of sub-section (1) of
section 72, sub-section (2) of section 73, 1 2 sub-section (1) or sub-section
(3) of section 74 or sub-section (3) of section 74A, the Assessing Officer shall
notify to the assessee by an order in writing the amount of the loss as computed
by him for the purposes of sub-section (1) of section 72, sub-section (2) of
section 73, 1 2 sub-section (1) or sub-section (3) of section 74 or sub-section
(3) of section 74A.
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1. Subs. by Act 20 of 1974, s. 13, for "or sub-section (1) of section 74" (w.e.f. 1-4-1975).
2. Subs. by Act 11 of 1987, s. 74, for "sub-section (1) of section 74" (w.e.f. 1-4-1988).
Section 151 Sanction for issue of notice
Section 153 Time limit for completion of assessments, reassessments and recomputation
Section 153A Assessment in case of search or requisition
Section 153B Time-limit for completion of assessment under section 153A
Section 153C Assessment of income of any other person
Section 153D Prior approval necessary for assessment in cases of search or requisition
Section 154 Rectification of mistake