Condonation of delay in filing ITR allowed as delay caused due to ‘genuine hardship’

Central Board of Direct Taxes Vs. Vasudev Adigas Fast Food Pvt Ltd (Karnataka High Court) Conclusion: Delay  in filing return was condoned as CBDT, in virtually passing an assessment order on the return of income of assessee had traversed beyond the scope of its power to condone the delay under Section 119(2)(b) and had acted contrary to the provisions of Section 119(2)(b). CBDT had also ignored the recommendations of the jurisdictional authorities to condone the delay in filing the return of income, at the time of considering the application of assessee seeking condonation of delay in filing...