HC allows filing of revised Income Tax Return after due date post Amalgamation

TSI Business Parks Hyderabad Pvt Ltd Vs DCIT (Telangana High Court) In Dalmia Power Limited v. ACIT (2019) 112 Taxmann. com 252 (SC), the issue before the Supreme Court was whether the Income Tax Department ought to have permitted the assessee companies to file the revised income tax return for the assessment year 2016-2017 after expiry of the due date prescribed under Section 139(5) of the Act on account of pendency of proceedings for amalgamation of the assessee companies with other companies under Sections 230 to 232 of the Companies Act, 2013. We may mention that in the aforesaid case, the...