§ 291
Chapter XVI — Procedure For Assessment
Intimation of loss
Income-tax Act, 2025
The Assessing Officer must issue a written order informing the taxpayer of the loss amount calculated for carry‑forward and set‑off under sections 111(1), 112, 113(2) or 115(1). This applies when a loss is identified during the assessment of total income and the taxpayer is eligible to carry it forward. A separate special procedure applies for assessments arising from search cases involving undisclosed income.
📜 Official text of the section +
291. 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.
B.—Special procedure for assessment of search cases
Assessment of total undisclosed income as a result of search.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.