Madras HC Condones delay caused by audit-related difficulties in ITR Filing

T943 Vickrapandiyam Primary Agricultural Co-operative Credit Society Pvt. Ltd. Vs Chief Commissioner of Income Tax (Madras High Court) The Madras High Court disposed of a batch of writ petitions filed by various Cooperative Societies challenging orders of the Chief Commissioners of Income Tax rejecting their applications for condonation of delay in filing income tax returns. The societies contended that although their income was eligible for deduction under Section 80P of the Income-tax Act, 1961, they failed to file returns within the prescribed time due to delays in completion of statutory a...