https://www.taxtmi.com/caselaws?id=333338 The High Court dismissed the petitioner's request to accept a revised return for the assessment year 2011-12 under the Income Tax Act, 1961. The court found the reasons provided for the late filing, including a spouse's illness and misplaced documents, insufficient to justify the delay. Emphasizing the importance of substantial justifications for late filings, the court highlighted that liberal condonation of delays could disrupt tax processes. The judgment underscored the necessity of genuine reasons for revising returns and clarified the limitations of retrospective application of legislative changes in tax cases. en-us Tue, 06 Sep 2016 00:00:00 +0530 Mon, 10 Oct 2016 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333338 The High Court dismissed the petitioner's request to accept a revised return for the assessment year 2011-12 under the Income Tax Act, 1961. The court found the reasons provided for the late filing, including a spouse's illness and misplaced documents, insufficient to justify the delay. Emphasizing the importance of substantial justifications for late filings, the court highlighted that liberal condonation of delays could disrupt tax processes. The judgment underscored the necessity of genuine reasons for revising returns and clarified the limitations of retrospective application of legislative changes in tax cases. Case-Laws Income Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333338