https://www.taxtmi.com/caselaws?id=460565 The Court quashed the first respondent's order rejecting the petitioner's application for condonation of delay under Section 119(2)(b) of the Income Tax Act, 1961. It held that the delay should be calculated from the date the Income Tax Return (ITR) was filed, not the date the condonation application was submitted. The Court directed the first respondent to reassess the application within one month, emphasizing that there is no limitation period for filing such applications under the relevant statutory provision. The decision aligns with the precedent set by the HC of Kerala, reinforcing the interpretation of the applicable law. en-us Thu, 02 Nov 2023 00:00:00 +0530 Fri, 31 Jan 2025 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460565 The Court quashed the first respondent's order rejecting the petitioner's application for condonation of delay under Section 119(2)(b) of the Income Tax Act, 1961. It held that the delay should be calculated from the date the Income Tax Return (ITR) was filed, not the date the condonation application was submitted. The Court directed the first respondent to reassess the application within one month, emphasizing that there is no limitation period for filing such applications under the relevant statutory provision. The decision aligns with the precedent set by the HC of Kerala, reinforcing the interpretation of the applicable law. Case-Laws Income Tax Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460565