Delay in Revised Income Tax Return Condoned Due to Audit Error & Pandemic Disruption

Perks Links And Services Private Limited Vs PCIT (Bombay High Court) Bombay High Court considered a writ petition challenging an order dated 29 January 2025 that rejected an application seeking condonation of delay in filing a revised/rectified return of income for Assessment Year 2018–19 under Section 119(2)(b) of the Income-tax Act, 1961. The petition also challenged an intimation dated 17 November 2019 issued under Section 143(1), by which a refund due to the assessee was reduced by ₹25,52,814. The petitioner had filed its tax audit report for AY 2018–19 on 30 October 2018 and its ret...