https://www.taxtmi.com/caselaws?id=780443 HC quashed the impugned order and remanded the matter to the respondent to consider condoning the delay under s.119(2)(b), directing that the petitioner be permitted to file a fresh return with the audit report within four weeks. The court found a bona fide belief that turnover was below Rs.1 crore because interest income was not treated as turnover, and held that treating the return as defective would unjustly deprive the petitioner of a refund exceeding Rs.7 lakh. The respondent is to pass an appropriate order on merits. en-us Tue, 07 Oct 2025 00:00:00 +0530 Thu, 30 Oct 2025 08:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780443 HC quashed the impugned order and remanded the matter to the respondent to consider condoning the delay under s.119(2)(b), directing that the petitioner be permitted to file a fresh return with the audit report within four weeks. The court found a bona fide belief that turnover was below Rs.1 crore because interest income was not treated as turnover, and held that treating the return as defective would unjustly deprive the petitioner of a refund exceeding Rs.7 lakh. The respondent is to pass an appropriate order on merits. Case-Laws Income Tax Tue, 07 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780443