Delhi HC Condones 1-Day ITR Filing Delay

Square Vision India Pvt Ltd Vs PCIT (Delhi High Court) Delhi High Court has set aside an order by the Principal Commissioner of Income Tax (PCIT)-7, Delhi, which had rejected an application from Square Vision India Pvt Ltd seeking condonation for a one-day delay in filing its Income Tax Return (ITR) for Assessment Year (AY) 2016-17. The High Court’s ruling emphasizes the principle of genuine hardship under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner’s ITR for AY 2016-17 was due by October 17, 2016, an extended deadline set by the Central Board of Direct Taxes (CBD...