AO Can't Take Advantage Of Assessee's Ignorance To Collect More Tax: Karnataka High Court Condones Delay Of 6 Years In Filing Revised ITR

Mariya Paliwala

7 March 2022 12:35 PM IST

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AO Cant Take Advantage Of Assessees Ignorance To Collect More Tax: Karnataka High Court Condones Delay Of 6 Years In Filing Revised ITR

A bench of Karnataka High Court consisting of Justice Sunil S.Yadav has condoned the delay of 6 years in filing revised Income Tax Return (ITR). A single judge bench of Justice Sunil S.Yadav has observed that the intention of Circular No.014 (XL-35) dated 11.04.1955 was not that tax due should not be charged or that any favour should be shown to anybody in the matter of assessment,...

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Karnataka High Court Income Tax Act Income Tax Return (ITR)Reserve Bank’s Optional Early Retirement Scheme Assessee Condonation of Delay Section 10(10C) of the Income Tax Act Assessing Officer (AO)Devendra Pai Versus The Assistant Commissioner of Income Tax condoned the delay Revised ITR