Bombay HC directs Income Tax department to allow lawful claims in e-filing utility

K2 Family Private Trust Vs DCIT (Bombay High Court) It has been an open secret that the Income Tax Department has been using the Income Tax Return filing Utilities and Schemas for enforcement of their interpretation of the Income Tax Act. The utilities, which are supposed to help assessees in filing and preparation of forms, have become a hurdle in asserting lawful claims. However, the Judiciary has been a guardian of assessees, who are denied their claims due to mechanical utilities and schemas. A recent case exemplifying this persistent issue is K2 Family Private Trust v. Deputy Commissioner...