Delay in filing of return condoned in terms of genuine hardship: Madras HC

Tiong Woon Project & Contracting Pte. Ltd. Vs Central Board of Direct Taxes (Madras High Court) Madras High Court held that delay in filing returns of income and seeking refund thereof is condoned in terms coverage within the scope of the expression ‘genuine hardship’ in section 119(2)(b) of the Income Tax Act. Facts- The petitioner is a company incorporated in Singapore and engaged in undertaking turnkey construction projects involving erection, installation and commissioning activities. In relation to three projects undertaken in AYs 2010-11, 2011-2012 and 2013-14, the petitioner ap...