Delay in filing Audit Report / ITR due to delayed NOC from erstwhile auditor condonable

REGEN Powertech (P.) Ltd. Vs CBDT (Madras High Court) As contended by the petitioner, the petitioner Company could not be blamed for the delay in carrying out its audit, as the same is beyond its control. Since there was some misunderstanding between the erstwhile Auditor and the petitioner, the Return Of Income could not be presented before the due date (i.e.) 30.11.2014. The petitioner has stated that even the NOC could not be obtained from the erstwhile Auditor immediately, hence, after obtaining NOC, they have engaged M/s.CNGSN Associates for filing the Return Of Income along with the Tax ...