Condonation of delay in filing the return of income - carry forward the capital loss denied - It is a...

Condonation of delay in filing the return of income - carry forward the capital loss denied - It is a settled position of law that the respondent Board has wide powers to condone the delay and in the facts of the case, such powers ought to have been exercised judiciously so as to render substantial justice. - Application filed u/s 116(2)(b) allowed - HC .....

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