https://www.taxtmi.com/caselaws?id=19928 The Court ruled in favor of the petitioner, a public sector undertaking, in a case involving the refusal to grant an extension of time for filing the return of loss and the treatment of the return as non est under section 139(10) of the Income-tax Act. The Court found that the petitioner had valid reasons for the delay in filing the return and emphasized the importance of fulfilling statutory obligations. The Court overturned the decisions of the assessing authority and the Commissioner of Income-tax, directing the authorities to process the petitioner's return for assessment without deeming it as non-existent. en-us Tue, 19 Jul 1994 00:00:00 +0530 Tue, 10 Nov 2009 16:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19928 The Court ruled in favor of the petitioner, a public sector undertaking, in a case involving the refusal to grant an extension of time for filing the return of loss and the treatment of the return as non est under section 139(10) of the Income-tax Act. The Court found that the petitioner had valid reasons for the delay in filing the return and emphasized the importance of fulfilling statutory obligations. The Court overturned the decisions of the assessing authority and the Commissioner of Income-tax, directing the authorities to process the petitioner's return for assessment without deeming it as non-existent. Case-Laws Income Tax Tue, 19 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19928