Condonation of delays in claiming refunds requires substantive scrutiny of source income and avoidance of routine approvals. Exercise of discretion under Section 119(2)(b) must follow prior circular conditions and involve factual scrutiny of source of income, consistency of ... Summary
Condonation of delays in claiming refunds requires substantive scrutiny of source income and avoidance of routine approvals.
Exercise of discretion under Section 119(2)(b) must follow prior circular conditions and involve factual scrutiny of source of income, consistency of reporting, maintenance of books, and risk of account manipulation; only genuine hardship cases should be condoned and routine or mechanically approved delay condonations must be avoided.
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