Optra Health Vs ACIT: Bombay HC Allows ITR Name Change

Optra Health Private Limited Vs ACIT (Bombay High Court) In the case of Optra Health Private Limited vs. ACIT, the Bombay High Court addressed an issue stemming from a mismatch be-tween the name used in the income tax return (ITR) and the company’s updated legal name. Optra Health had changed its name from Optra Technologies Private Limited in January 2017, prior to filing its ITR for AY 2017-18 in November 2017. Despite correctly using its PAN, the return was marked defective due to the outdated name. The Income Tax Department issued notices via email to the company’s CFO, Mr. Prasad ...