https://www.taxtmi.com/caselaws?id=760153 The HC of Madras quashed the rejection of an application under Section 119(2)(b) of the Income Tax Act, condoning the delay in filing the income tax return by an Agricultural Co-operative Credit Society. The Court acknowledged genuine hardship and adopted a liberal interpretation. Consequently, the related intimation under Section 143(1) was also quashed, remanding the matter for reassessment based on the filed return. The judgment was delivered without costs, and all connected miscellaneous petitions were closed. en-us Thu, 21 Mar 2024 00:00:00 +0530 Thu, 17 Oct 2024 09:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760153 The HC of Madras quashed the rejection of an application under Section 119(2)(b) of the Income Tax Act, condoning the delay in filing the income tax return by an Agricultural Co-operative Credit Society. The Court acknowledged genuine hardship and adopted a liberal interpretation. Consequently, the related intimation under Section 143(1) was also quashed, remanding the matter for reassessment based on the filed return. The judgment was delivered without costs, and all connected miscellaneous petitions were closed. Case-Laws Income Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760153