CBDT can prescribe time limit for filing application for condonation of delay: HC

Sureshan M. Vs PCIT (Kerala High Court) Introduction: The Kerala High Court recently dismissed a writ petition challenging an order by the Principal Commissioner of Income Tax, Kozhikkode, rejecting an application for the condonation of delay in filing a refund application for the assessment year 2011-12. The court upheld the Circular issued by the Central Board of Direct Taxes (CBDT), empowering the tax authorities to prescribe a time limit for condonation of delay. I. Background: A. Impugned Order and Circular: The petitioner’s application to condone the delay in filing a refund appli...