Petition allowed and remanded; delay excused as CA family function, audit credible, s.119(2)(b) return accepted

Petition allowed and remanded; delay excused as CA family function, audit credible, s.119(2)(b) return accepted https://www.taxtmi.com/highlights?id=92385 The HC allowed the petition and directed remand: finding that the petitioner's delay in filing the return arose from the chartered accountant's family function and not from mala fides, the Court held the audit report and reported losses credible and the petitioner's entitlement under the Act substantive rather than forfeitable on technical grounds; accordingly the respondent's earlier rejection of the s.119(2)(b) application was set aside and the matter remitted to the respondent to pass a fresh, reasoned order condoning the delay and accepting the belated return so the petitioner may avail the statutory benefits. en-us Wed, 10 Sep 2025 08:39:56 +0530 Wed, 10 Sep 2025 08:39:57 +0530 TaxTMI RSS Generator Petition allowed and remanded; delay excused as CA family function, audit credible, s.119(2)(b) return accepted https://www.taxtmi.com/highlights?id=92385 The HC allowed the petition and directed remand: finding that the petitioner's delay in filing the return arose from the chartered accountant's family function and not from mala fides, the Court held the audit report and reported losses credible and the petitioner's entitlement under the Act substantive rather than forfeitable on technical grounds; accordingly the respondent's earlier rejection of the s.119(2)(b) application was set aside and the matter remitted to the respondent to pass a fresh, reasoned order condoning the delay and accepting the belated return so the petitioner may avail the statutory benefits. Highlights Income Tax Wed, 10 Sep 2025 08:39:56 +0530 https://www.taxtmi.com/highlights?id=92385