https://www.taxtmi.com/caselaws?id=357457 The High Court of Karnataka dismissed the writ petition seeking condonation of delay in tax payment under IDS 2016. The court upheld the rejection by the Principal Commissioner, citing non-applicability of Section 119(2)(b) of the Income Tax Act. While emphasizing adherence to statutory timelines, the court allowed the petitioner to seek refund or adjustment of the deposited amount, following principles from a Supreme Court judgment. The decision underscored the significance of timely compliance with tax obligations while acknowledging avenues for relief in exceptional cases based on legal precedents. en-us Tue, 20 Feb 2018 00:00:00 +0530 Thu, 22 Mar 2018 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357457 The High Court of Karnataka dismissed the writ petition seeking condonation of delay in tax payment under IDS 2016. The court upheld the rejection by the Principal Commissioner, citing non-applicability of Section 119(2)(b) of the Income Tax Act. While emphasizing adherence to statutory timelines, the court allowed the petitioner to seek refund or adjustment of the deposited amount, following principles from a Supreme Court judgment. The decision underscored the significance of timely compliance with tax obligations while acknowledging avenues for relief in exceptional cases based on legal precedents. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357457