https://www.taxtmi.com/caselaws?id=35351 The Bombay HC addressed a case where an assessee filed a return for A.Y. 2000-01 on 24th September 2003, claiming refund of Rs.20,78,871/- on short-term capital gains taxable at 20% under section 115C. The return was time-barred as it was filed after the limitation period ended on 31st March 2002. The assessee sought condonation of delay under section 119(2)(b). The HC held that authorities must only verify if the refund claim is prima facie correct and genuine without examining merits closely or prejudging the case. The matter was remanded for fresh consideration. en-us Tue, 15 Dec 2009 00:00:00 +0530 Fri, 09 May 2025 14:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35351 The Bombay HC addressed a case where an assessee filed a return for A.Y. 2000-01 on 24th September 2003, claiming refund of Rs.20,78,871/- on short-term capital gains taxable at 20% under section 115C. The return was time-barred as it was filed after the limitation period ended on 31st March 2002. The assessee sought condonation of delay under section 119(2)(b). The HC held that authorities must only verify if the refund claim is prima facie correct and genuine without examining merits closely or prejudging the case. The matter was remanded for fresh consideration. Case-Laws Income Tax Tue, 15 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35351