https://www.taxtmi.com/caselaws?id=448551 The Bombay HC held that delay in filing revised returns under Section 119(2)(b) should be condoned where assessee demonstrates genuine hardship. The court ruled that feeling of having paid excess tax constitutes genuine hardship, rejecting the lower authority's narrow interpretation. Emphasizing liberal construction of "genuine hardship," the HC noted that condonation powers exist to ensure substantial justice and prevent meritorious cases from being dismissed on technicalities. The court directed authorities to reopen the portal within two weeks for filing revised returns and decide on merits whether compensation under Right to Fair Compensation Act is taxable. en-us Tue, 16 Jan 2024 00:00:00 +0530 Mon, 10 Jun 2024 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448551 The Bombay HC held that delay in filing revised returns under Section 119(2)(b) should be condoned where assessee demonstrates genuine hardship. The court ruled that feeling of having paid excess tax constitutes genuine hardship, rejecting the lower authority's narrow interpretation. Emphasizing liberal construction of "genuine hardship," the HC noted that condonation powers exist to ensure substantial justice and prevent meritorious cases from being dismissed on technicalities. The court directed authorities to reopen the portal within two weeks for filing revised returns and decide on merits whether compensation under Right to Fair Compensation Act is taxable. Case-Laws Income Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448551