Condonation of delayed AY 2024-25 return upheld under Section 119(2)(b) due to key staff resignations

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....HC allowed the petition filed u/s 119(2)(b) of the IT Act, holding that successive resignations of key accounts personnel at the petitioner-company's remote location constituted reasonable and sufficient cause for delay in filing the return for AY 2024-25. HC found that the non-filing within the statutory deadline occurred despite exercise of ordinary business care and prudence and was beyond the petitioner's control. The impugned order dated 18.08.2025 passed by the PCIT rejecting condonation of delay was quashed. HC directed the concerned authority to treat the return and audit report for AY 2024-25 as having been filed within the prescribed period and to grant all consequential benefits and reliefs in accordance with the IT Act and applicable circulars/notifications.....