https://www.taxtmi.com/caselaws?id=382147 The court set aside the ARA's rejection of condonation of delay in filing income tax returns for Assessment Year 2014-15 by a foreign company, directing the respondent to process the returns upon payment of costs. The decision was based on the petitioner's valid reasons for delay, aligned with the Sin Oceanic principle and relevant case law, emphasizing the necessity of awaiting an ARA ruling before filing returns. The court's judgment aimed to uphold fairness and justice in balancing legal requirements and the petitioner's circumstances. en-us Mon, 17 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382147 The court set aside the ARA's rejection of condonation of delay in filing income tax returns for Assessment Year 2014-15 by a foreign company, directing the respondent to process the returns upon payment of costs. The decision was based on the petitioner's valid reasons for delay, aligned with the Sin Oceanic principle and relevant case law, emphasizing the necessity of awaiting an ARA ruling before filing returns. The court's judgment aimed to uphold fairness and justice in balancing legal requirements and the petitioner's circumstances. Case-Laws Income Tax Mon, 17 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382147