2025 (5) TMI 1095

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....whereby the petitioner's application under Section 119 (2) (b) of the Income Tax Act, 1961 [the Act] for condonation of delay in filing the revised income tax return [ITR] in respect of Assessment Year [AY] 2022-23, was rejected. 2. The petitioner states that it has been regularly filing its ITR for the past assessment years. It had also filed its ITR for the AY 2022-23 on 03.11.2022. However, the Central Processing Centre [CPC] rejected the ITR filed by the petitioner on the ground that it was not accompanied by the Tax Audit Report [TAR]. According to the petitioner, there is no requirement for furnishing a TAR as its turnover was less than Rs. 10.00 Crores. 3. Accordingly, on 24.12.2022 the petitioner filed the response to the communic....

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.... Payer has claimed gross receipt or Income under the head "Profits and gains of Business or Profession" more than 1 crore. however, books of account are not audited u/s 44AB of the Income Tax Act Probable Resolution The complete details of Profit and loss account and Balance Sheet are to be entered in Part A and taxpayer has to e-file the audit report, specified under Section 44AB." 7. The petitioner disagreed with the resolution as suggested and communicated its reasons for the same. The same are set out below: - "Response Disagree Reason for disagreeing with the defect As per the provisions of Section 44AB of the Income Tax Act-1961, the limit of tax audit is Rs.10 Crores if the total amount received during the year in ....