Section 119(2)(b) doesn’t empower PCIT to consider merits of claim of income

Best Ready Mix Concrete Vs PCIT (Kerala High Court) Kerala High Court held that section 119(2)(b) of the Income Tax Act doesn’t empower Principal Chief Commissioner/ Principal Commissioner of Income Tax to consider the merits of the claim of income, loss, etc. Facts- The present writ petition has been filed impugning the order passed by the Principal Commissioner of Income Tax, Kozhikkode u/s. 119(2)(b) of the Income Tax Act, 1961 rejecting the application of the petitioner for condonation of delay of one day in filing the income tax return for the assessment year 2021-22. Conclusion- On a ...