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<h1>Special Leave Petition Dismissed for Lack of Merit: Delay Condoned, Pending Applications Disposed</h1> <h3>Principal Commissioner of Income Tax 7 New Delhi Versus M/s Rajasthan Explosives And Chemicals Ltd</h3> The SC of India dismissed the Special Leave Petition for lack of merit, condoning the delay and disposing of pending applications, with no representation ... Rectification of mistake - Denying the carry forward of losses and depreciation - Held that:- We do not find any merit in this petition. - The SLP is accordingly dismissed. The Supreme Court of India dismissed the Special Leave Petition as they did not find any merit in it. The delay was condoned, and pending applications were disposed of. No representation was made by the respondent.