https://www.taxtmi.com/caselaws?id=20998 The court dismissed the writ petition, ruling that the return filed by the petitioner on September 30, 1986, was not valid under sub-section (3) of section 139. The retrospective application of sub-section (10) did not infringe any vested right of the petitioner. As the return was not filed within the prescribed time, the petitioner had no entitlement to carry forward and set off losses. The rejection of the extension request was not contested in the petition, and the court did not address its validity. The petition was dismissed without costs. en-us Fri, 09 Aug 1991 00:00:00 +0530 Wed, 18 Nov 2009 16:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20998 The court dismissed the writ petition, ruling that the return filed by the petitioner on September 30, 1986, was not valid under sub-section (3) of section 139. The retrospective application of sub-section (10) did not infringe any vested right of the petitioner. As the return was not filed within the prescribed time, the petitioner had no entitlement to carry forward and set off losses. The rejection of the extension request was not contested in the petition, and the court did not address its validity. The petition was dismissed without costs. Case-Laws Income Tax Fri, 09 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20998