Delhi HC Allows COVID-Delay in ITR Filing for Capital Loss Carry Forward

Udit Goyal Vs PCIT (Delhi High Court) Carry Forward of Capital Loss: 12-Day Delay in ITR Filing During COVID Deserves Liberal View-Delhi HC Remands Case Genuine Hardship Can’t Be Ignored – Technicalities Can’t Defeat Justice- Pandemic Hardship Valid Ground for Delay Delhi High Court considered a writ petition challenging the rejection of an application u/s 119(2)(b). The petitioner had filed his ITR for AY 2021–22 belatedly on 12.01.2022, i.e., with a delay of 12 days, claiming carry forward of long-term capital loss of ₹41.85 lakh from securities transactions. PCIT rejected his cond...