HC condone delay in filing return of income by interpreting Section 119(2)(b) liberally

Thenkumarai Primary Agricultural Vs Chief Commissioner of Income Tax (Madras High Court) The judgment delivered by the Madras High Court in W.P.No.7329 of 2024 addresses the challenge against the rejection of an application under Section 119(2)(b) of the Income Tax Act, 1961, by Thenkumarai Primary Agricultural Cooperative Credit Society. Additionally, the consequential intimation under Section 143(1) of the Income Tax Act is contested in W.P.No.7333 of 2024. The petitioner, an Agricultural Cooperative Credit Society, underwent statutory audit as mandated by the Tamil Nadu Co-operative Societi...