https://www.taxtmi.com/caselaws?id=439169 The court upheld the CBDT's decision to reject the petitioner's application for condonation of a 16-year delay in filing the original return for AY-1998-1999. Despite acknowledging potential hardships faced by the petitioner, the court deemed the delay unreasonable, emphasizing the need to demonstrate valid reasons for such delays. Allowing condonation would have reopened the assessment for that year in a later assessment period, potentially affecting future set-offs or refunds. The court found no grounds to interfere and dismissed the petition, citing the excessive delay period and insufficient justification provided. en-us Tue, 13 Jun 2023 00:00:00 +0530 Sat, 17 Jun 2023 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439169 The court upheld the CBDT's decision to reject the petitioner's application for condonation of a 16-year delay in filing the original return for AY-1998-1999. Despite acknowledging potential hardships faced by the petitioner, the court deemed the delay unreasonable, emphasizing the need to demonstrate valid reasons for such delays. Allowing condonation would have reopened the assessment for that year in a later assessment period, potentially affecting future set-offs or refunds. The court found no grounds to interfere and dismissed the petition, citing the excessive delay period and insufficient justification provided. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439169