HC upholds rejection of application for condonation of delay in Filing ITR filed after 16 years

Mathuradas Narandas & Sons Forwarders Ltd. Vs Central Board of Direct Taxes (Bombay High Court) Introduction: In a significant ruling by the Bombay High Court concerning the Income Tax Return (ITR) filing delay, the court upheld CBDT’s decision not to condone a delay of over 16 years. Background of the Case: The petitioner, Mathuradas Narandas & Sons Forwarders Ltd., challenged an order passed by CBDT under Section 119 (2)(b) of the Income Tax Act 1961. They sought leniency for the delay in filing their ITR, citing a previous Apex Court judgment. However, the court noted that the...