1989 (3) TMI 119 - HC - Income Tax

Summary

The petitioner, a manufacturer and exporter of hand-knitted woollen carpets, filed a petition challenging the refusal to carry forward losses due to late filing of income tax return. The court advised the petitioner to approach the appellate authority for remedy, stating that the order was not in violation of natural justice or jurisdiction. The petitioner had also filed an application for rectification of the order under section 154, pending before the Deputy Commissioner of Income-tax. The court directed issuance of a copy of the order to the petitioner's counsel upon proper application within a week.