Madras HC condones Delay in Income Tax Return filing by co-op credit society

S 878 Kalvadangam Primary Agricultural Co-operative Credit Society Limited Vs Chief Commissioner of Income Tax (Madras High Court) In a recent ruling, the Madras High Court addressed the delay in income tax return filing by the Kalvadangam Primary Agricultural Co-operative Credit Society Limited. Here’s a detailed analysis of the case and its implications. An order under Section 119(2)(b) of the Income Tax Act, 1961, was challenged in W.P.No.5145 of 2024. The subsequent W.P.No.5155 of 2024 contested an intimation dated 19.10.2020 for the assessment year 2019-2020, stating that the petiti...