Section 291
Intimation of loss.
About this Act
An Act to consolidate and amend the law relating to income-tax.
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 section 111(1) or 112 or 113(2) or 115(1), where—
(a) in the course of the assessment of the total income of any assessee, it is established that a loss has taken place; and
(b) the assessee is entitled to have carried forward and set off such loss under the provisions of the said sections.
(a) in the course of the assessment of the total income of any assessee, it is established that a loss has taken place; and
(b) the assessee is entitled to have carried forward and set off such loss under the provisions of the said sections.