Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
HC allowed petitioner's application under Section 119(2)(b), condoning one-day delay in ITR filing for AY 2016-17. The court found genuine hardship in electronic filing process, noting petitioner had already uploaded critical documents and commenced return submission. Recognizing statutory authorities' duty to provide relief in meritorious cases, the HC directed relaxation of strict timelines, emphasizing that technical impediments should not prejudice taxpayers' substantive compliance obligations.
HC allowed petitioner's application under Section 119(2)(b), condoning one-day delay in ITR filing for AY 2016-17. The court found genuine hardship in electronic filing process, noting petitioner had already uploaded critical documents and commenced return submission. Recognizing statutory authorities' duty to provide relief in meritorious cases, the HC directed relaxation of strict timelines, emphasizing that technical impediments should not prejudice taxpayers' substantive compliance obligations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
