https://www.taxtmi.com/caselaws?id=441538 The Court upheld the Commissioner's decision to reject the condonation application for delay in filing the income tax return for assessment year 2012-13. The Court emphasized that both the genuineness of the claim and the hardship must be considered, as per circular provisions. It was noted that the Commissioner must verify the correctness of income/loss declared and ensure genuine hardship before condoning the delay. The Court rejected the argument that only hardship should be considered, emphasizing the need to establish genuine hardship for condonation, ultimately affirming the Commissioner's decision. en-us Mon, 24 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441538 The Court upheld the Commissioner's decision to reject the condonation application for delay in filing the income tax return for assessment year 2012-13. The Court emphasized that both the genuineness of the claim and the hardship must be considered, as per circular provisions. It was noted that the Commissioner must verify the correctness of income/loss declared and ensure genuine hardship before condoning the delay. The Court rejected the argument that only hardship should be considered, emphasizing the need to establish genuine hardship for condonation, ultimately affirming the Commissioner's decision. Case-Laws Income Tax Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441538