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2005 (12) TMI 47 - HIGH COURT BOMBAYConstitutional validity of Rule 57F(17)(e) which was amended by not. 57/97 – By virtue of said amendment, unutilized credit was deemed to have lapsed – decision of SC that assessee had a vested right in the credit balance came to be removed by Sec. 131 & 132 of F. Act – amendment is retrospective w.e.f.1-10-1997 so as to effect existing or vested right - petitioner stands denuded of its vested right by virtue of the retrospective amendment - petition is dismissed
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