§291
Section 291 — Intimation of loss
In plain terms: This section requires the Assessing Officer to intimate the assessee in writing of the loss computed when an assessee is entitled to carry forward and set off a loss, for the purposes of sections 111 to 115.
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