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HC allowed the petition challenging tax authorities' rejection of revised income tax return. The court found that the petitioner received land acquisition compensation after the original return filing, which prevented timely disclosure. The authorities failed to consider the compensation was tax-exempt and the petitioner was legitimately prevented from including it in the original return. The HC quashed the previous order and directed tax authorities to condone the delay in filing the revised return and process it in accordance with law, ensuring the petitioner can claim TDS refund.
HC allowed the petition challenging tax authorities' rejection of revised income tax return. The court found that the petitioner received land acquisition compensation after the original return filing, which prevented timely disclosure. The authorities failed to consider the compensation was tax-exempt and the petitioner was legitimately prevented from including it in the original return. The HC quashed the previous order and directed tax authorities to condone the delay in filing the revised return and process it in accordance with law, ensuring the petitioner can claim TDS refund.
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