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TMI BlogCondoning Delay in Filing Income Tax Return: A Case for Equitable ConsiderationX X X X Extracts X X X X X X X X Extracts X X X X ..... g a two-day delay in filing the Return of Income and Form 10-IC for the Assessment Year 2021-22. The Petitioner sought relief from the High Court, citing technical difficulties faced by the Chartered Accountant in filing the returns within the prescribed time limit. The core legal question presented is whether the delay should be condoned given the bona fide reasons and circumstances that led to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsus Principal Commissioner of Income-tax-19 Ors. - 2024 (9) TMI 585 - BOMBAY HIGH COURT , wherein the High Court emphasized the need for a humane and empathetic approach in condoning delays caused by genuine circumstances beyond the assessee's control. COURT DISCUSSIONS AND FINDINGS The Court analyzed the legal principles governing the condonation of delays in filing tax returns. It referred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rinciples of equity and fairness, as established in the Jyotsna Mehta case, mandated the condonation of the two-day delay in filing the Return of Income and Form 10-IC. The Court reasoned that a rigid adherence to technicalities would be counter-productive to the objectives of tax laws, which aim to facilitate compliance. Therefore, it directed the Respondents to condone the delay and accept the P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The ruling emphasizes the need for tax authorities to exercise their discretionary powers in a judicious and humane manner, taking into account genuine human problems that may hinder compliance. By relying on the principles established in the Jyotsna Mehta case, the Court has further solidified the application of these equitable considerations in the context of condoning delays in filing tax retu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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