Bombay HC Criticizes ITAT for Delayed Order, Restores Rectification Plea

Otters Club Vs Director of Income Tax (Exemptions) (Bombay High Court) Bombay High Court has come down heavily on the Income Tax Appellate Tribunal (ITAT) for passing an order beyond the stipulated 90-day period, as mandated by the ITAT Rules and a previous ruling of the same High Court. The court was hearing a petition filed by Otters Club challenging the ITAT’s dismissal of its application for rectification of an earlier order related to the assessment year 2009-10. Otters Club had approached the High Court with two primary grievances. Firstly, it argued that the ITAT’s order dat...