Delhi HC Directs PCCIT to decide Condonation application for delayed ITR Filing

Industria Chimica Adriatica Ica Vs Union of India & Ors (Delhi High Court) Introduction: In a recent ruling, the Delhi High Court intervened in the case of Industria Chimica Adriatica Ica, directing the Principal Chief Commissioner of Income Tax (PCCIT) to make a decision on the application for condonation of delay in filing the Income Tax Return (ITR) for the Assessment Year 2017-18. The petitioner sought relief, citing a Technology Transfer Agreement (TTA) and claiming entitlement to file the return beyond the stipulated period. Detailed Analysis: Industria Chimica Adriatica Ica executed...