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of <h1>Supreme Court dismisses special leave petition, leaves question of law open, and condones delay.</h1> <h3>DEPUTY COMMISSIONER OF INCOME TAX & ANR. Versus SURENDRANAGAR DISTRICT CO-OPERATIVE BANK LTD.</h3> The Supreme Court dismissed the special leave petition but left the question of law open, while also condoning the delay. - DEPUTY COMMISSIONER OF INCOME ... Condonation of delay in filing claim of carry forward losses u/s 119(2)(b) - After realising the mistake after change of CA petitioner filed an application before the CBDT for condonation of delay in filing the return of income claiming loss - rejected by CBDT stating that petitioner was not prevented from any circumstances beyond its control, no external factors preventing the petitioner from filing its revised return and petitioner is continuously earning profits and it cannot be said that payment of taxes will cause any genuine hardship to the bank - HELD THAT:- Special leave petition is dismissed. However, the question of law is left open The Supreme Court dismissed the special leave petition, but left the question of law open. Delay was condoned. (2019 (7) TMI 886 - SC Order)
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