https://www.taxtmi.com/caselaws?id=751319 The HC quashed the tax authority's rejection of an application under Section 119(2)(b) of the Income Tax Act for condonation of delay in filing revised return. The petitioner had inadvertently failed to claim past years' deficit against current income, resulting in tax liability instead of refund entitlement. After unsuccessful attempts through rectification under Section 154 and appeal under Section 250, the petitioner sought time extension. The HC held that the authority mechanically rejected the application without considering genuine hardship. Since the application was filed within the six-year limit prescribed by CBDT circular and demonstrated genuine hardship, the rejection was unsustainable. The writ petition was allowed. en-us Tue, 09 Apr 2024 00:00:00 +0530 Thu, 29 Aug 2024 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751319 The HC quashed the tax authority's rejection of an application under Section 119(2)(b) of the Income Tax Act for condonation of delay in filing revised return. The petitioner had inadvertently failed to claim past years' deficit against current income, resulting in tax liability instead of refund entitlement. After unsuccessful attempts through rectification under Section 154 and appeal under Section 250, the petitioner sought time extension. The HC held that the authority mechanically rejected the application without considering genuine hardship. Since the application was filed within the six-year limit prescribed by CBDT circular and demonstrated genuine hardship, the rejection was unsustainable. The writ petition was allowed. Case-Laws Income Tax Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751319