SC to Examine Condonation of 30-Month ITR Delay After HC Rejects Genuine Hardship Plea

Sirez Limited Vs Union of India & Ors. (Supreme Court of India)

In Sirez Limited Vs Union of India & Ors., the issue concerned condonation of delay in filing the Income Tax Return (ITR) for Assessment Year (AY) 2018–19 under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner filed its ITR on 20.09.2021 with a delay of 30 months beyond the extended due date of 31.10.2018. An application was made seeking condonation of delay to enable carry forward of business loss of Rs. 1,06,60,750/- and claim refund/credit of TDS amounting to Rs. 19,73,540/-.

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