Bombay HC Condones Tax Return Delay Due to Illness Condoned for 80IBA Claim

Western Arch Developers Vs PCIT (Central) (Bombay High Court) In a significant ruling for taxpayers, the Bombay High Court has set aside an order by the Principal Commissioner of Income Tax (PCIT) that had rejected a developer’s application to condone a 45-day delay in filing its income tax return. The court, led by a co-ordinate bench, ruled that the tax authority’s reasons for rejecting the application were unsustainable and directed them to open the portal to allow the developer to file the return. The case, Western Arch Developers vs. PCIT (Central), centered on the petitioner,...