Delhi HC Condones 1-Day ITR Filing Delay

Square Vision India Pvt Ltd Vs PCIT (Delhi High Court)

Delhi High Court has set aside an order by the Principal Commissioner of Income Tax (PCIT)-7, Delhi, which had rejected an application from Square Vision India Pvt Ltd seeking condonation for a one-day delay in filing its Income Tax Return (ITR) for Assessment Year (AY) 2016-17. The High Court’s ruling emphasizes the principle of genuine hardship under Section 119(2)(b) of the Income Tax Act, 1961.

The petitioner’s ITR for AY 2016-17 was due by October 17,

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