https://www.taxtmi.com/caselaws?id=780514 HC condoned a five-month delay in filing the return for AY 2018-19, finding the delay stemmed from the assessee's CA seeking legal advice on the tax and accounting treatment of TDR received on compulsory acquisition, not from negligence. Reliance on professional opinion was held a reasonable cause and bona fide. The belated return filed on 30 Mar 2019 is to be treated as a return under Section 153(1B), and the time frame for completion of assessment under that provision shall apply. en-us Tue, 14 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780514 HC condoned a five-month delay in filing the return for AY 2018-19, finding the delay stemmed from the assessee's CA seeking legal advice on the tax and accounting treatment of TDR received on compulsory acquisition, not from negligence. Reliance on professional opinion was held a reasonable cause and bona fide. The belated return filed on 30 Mar 2019 is to be treated as a return under Section 153(1B), and the time frame for completion of assessment under that provision shall apply. Case-Laws Income Tax Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780514