https://www.taxtmi.com/caselaws?id=773111 Gujarat HC allowed petition challenging CBDT's rejection of delay condonation application under section 119(2)(b) for filing income tax returns for AY 2018-19 and 2019-20. Court held that petitioner company under corporate insolvency resolution process faced genuine hardship, as non-condonation would frustrate NCLT-approved resolution plan allowing carry forward of losses. Finding no lapse by petitioner in filing returns and considering binding nature of resolution plan on tax authorities, HC quashed CBDT's order dated 3.11.2023 and granted condonation of delay. en-us Fri, 09 May 2025 00:00:00 +0530 Sat, 14 Mar 2026 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773111 Gujarat HC allowed petition challenging CBDT's rejection of delay condonation application under section 119(2)(b) for filing income tax returns for AY 2018-19 and 2019-20. Court held that petitioner company under corporate insolvency resolution process faced genuine hardship, as non-condonation would frustrate NCLT-approved resolution plan allowing carry forward of losses. Finding no lapse by petitioner in filing returns and considering binding nature of resolution plan on tax authorities, HC quashed CBDT's order dated 3.11.2023 and granted condonation of delay. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773111