https://www.taxtmi.com/caselaws?id=766227 The Bombay HC allowed condonation of delay in filing revised income tax return under section 139(5). The petitioner company cited personal problems of director including family issues, mother's serious illness requiring major spine surgeries, implementation of new ERP system causing operational disruptions, and high employee attrition affecting accounting work. The court held these fortuitous circumstances and human factors warranted consideration for compliance delays under IT Act, similar to legal proceedings. The impugned order was quashed and respondents directed to permit filing returns with applicable penalty, fees and interest within two weeks. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766227 The Bombay HC allowed condonation of delay in filing revised income tax return under section 139(5). The petitioner company cited personal problems of director including family issues, mother's serious illness requiring major spine surgeries, implementation of new ERP system causing operational disruptions, and high employee attrition affecting accounting work. The court held these fortuitous circumstances and human factors warranted consideration for compliance delays under IT Act, similar to legal proceedings. The impugned order was quashed and respondents directed to permit filing returns with applicable penalty, fees and interest within two weeks. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766227