2024 (3) TMI 1405 - HC - Income Tax

Bombay HC Allows Filing Paper Returns for AY 2021-22, 2022-23; Petitioner Can Pursue Further Legal Action.

Tata Sons Pvt Ltd. Versus Deputy Commissioner of Income Tax Circle 2 (3) (1) and 3 Ors.

In the Bombay HC, the court disposed of petitions allowing the petitioner to file paper returns for AY 2021-22 and 2022-23, which were processed by the ... Revenue has processed the paper returns filed by Petitioner u/s 143(1) - Petitioner keeping open the rights and contentions of the parties, Petitions may be disposed with liberty to take such steps as advised in accordance with law. HELD THAT:- We need to note that in the order [2022 (3) TMI 1627 - BOMBAY HIGH COURT] leave to file paper returns was granted subject to final outcome in the Petitions. Since the paper returns have been processed, in our view, nothing will remain in these Petitions. Petitions are disposed accordingly with the liberty as prayed for. We clarify that we have not made any observation on the merits of the matter. Bombay High Court (citation: 2024 (3) TMI 1405) records that, pursuant to liberty granted on 24 November 2022, the petitioner filed paper returns of income for Assessment Years 2021-22 and 2022-23. In accordance with directions dated 5 February 2024, the Revenue has processed those paper returns under Section 143(1) of the Income Tax Act, 1961. The petitioner retains statutory remedies and 'will take such steps as advised in accordance with law including filing an appeal.' Leave to file paper returns had previously been granted subject to the final outcome of the petitions (order dated 11 March 2022); since the paper returns have been processed, the Court found that 'nothing will remain in these Petitions.' The petitions are disposed of with liberty to take such steps as advised in accordance with law. The Court expressly stated that it 'have not made any observation on the merits of the matter.'