Calcutta HC Quashes PCIT Order as CBDT Alone Could Decide Form 10-IC Delay for AY 2024-25

Nilgiri Vanijya Private Limited Vs PCIT (Calcutta High Court) The Calcutta High Court considered a writ petition challenging the legality of an order dated 18.02.2026 passed under Section 119(2)(b) of the Income-tax Act, 1961 for Assessment Year 2024-25. The principal issue was whether the Principal Commissioner of Income Tax (PCIT) was authorised to entertain an application for condonation of delay in filing Form 10-IC for AY 2024-25 in the absence of a specific CBDT circular authorising such condonation, when CBDT Circular No. 17/2024 dated 18.11.2024 covered only AYs 2020-21, 2021-22, and 2...