HC Upholds Delay Condonation u/s 119(2)(b) with Clarification on Successor Status; Not a Precedent

CBDT Vs Competent Authority For M/s Ima and Others Scam Cases (Karnataka High Court) The Karnataka High Court, in a review petition filed by the Department, partly modified its earlier order which had allowed condonation of delay under Section 119(2)(b) for filing belated returns by the Competent Authority handling recovery in a Ponzi scam case. The original order had taken a justice-oriented approach, holding that the delay (1444 days and 714 days) was due to genuine hardship, bona fide reasons and practical difficulties in quantifying recoveries, and had directed acceptance of returns. In re...