https://www.taxtmi.com/caselaws?id=24959 The court held that the return filed by the petitioner in 1981, accepted under section 146, should be deemed a valid return under section 139 for carrying forward the loss under section 80. The court allowed the writ petition, directing the Income-tax Officer to permit the petitioner to carry forward the loss. Additionally, the court expressed concerns about inefficiency and lack of accountability in public sector undertakings, urging authorities to investigate and address such issues. en-us Tue, 14 Jun 1988 00:00:00 +0530 Sat, 23 Jan 2010 13:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24959 The court held that the return filed by the petitioner in 1981, accepted under section 146, should be deemed a valid return under section 139 for carrying forward the loss under section 80. The court allowed the writ petition, directing the Income-tax Officer to permit the petitioner to carry forward the loss. Additionally, the court expressed concerns about inefficiency and lack of accountability in public sector undertakings, urging authorities to investigate and address such issues. Case-Laws Income Tax Tue, 14 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24959