Concessional 22% Corporate Tax Rate Cannot Be Denied for Procedural Lapse: Rajasthan HC

Kanoria Energy And Infrastructure Limited Vs Chief Commissioner of Income Tax (CCIT) (Rajasthan High Court) The Rajasthan High Court allowed the writ petition filed by Kanoria Energy and Infrastructure Limited challenging the order dated 22.12.2025 rejecting its application for condonation of delay in filing Form No. 10-IC for Assessment Year 2020–21 under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner, a domestic company engaged in manufacturing asbestos cement pressure pipes and roofing sheets, had filed its return of income for AY 2020–21 on 09.01.2021 within the extended...