https://www.taxtmi.com/caselaws?id=451061 The HC ruled in favor of the petitioner whose bid was rejected for not submitting IT returns for a specific assessment year. The court found that the tender notice failed to clearly specify which years' IT returns were required. Since the petitioner's gross receipts exceeded Rs. 1 crore, statutory provisions under Section 44AB(a) and Section 139 of the Income Tax Act, 1961 provided until October 31st for return submission and auditing. The court held that respondents were not transparent in their tender requirements and directed that the petitioner's bid be considered valid, or alternatively, the petitioner should be given opportunity to submit the required IT return for assessment year 2023-2024 before bid evaluation. en-us Mon, 18 Mar 2024 00:00:00 +0530 Wed, 20 Mar 2024 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451061 The HC ruled in favor of the petitioner whose bid was rejected for not submitting IT returns for a specific assessment year. The court found that the tender notice failed to clearly specify which years' IT returns were required. Since the petitioner's gross receipts exceeded Rs. 1 crore, statutory provisions under Section 44AB(a) and Section 139 of the Income Tax Act, 1961 provided until October 31st for return submission and auditing. The court held that respondents were not transparent in their tender requirements and directed that the petitioner's bid be considered valid, or alternatively, the petitioner should be given opportunity to submit the required IT return for assessment year 2023-2024 before bid evaluation. Case-Laws Indian Laws Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451061