Statutory Time Limits Must Be Respected; No Extension Without Justified Reasons

B.U Bhandari Nandgude Patil Vs Central Board of Direct Taxes & Ors (Delhi High Court) In the case B.U. Bhandari Nandgude Patil Associates vs CBDT & Ors, the Delhi High Court dismissed a writ petition filed by an association of persons (AOP) challenging the CBDT’s refusal to condone delay in filing the income tax return for the Assessment Year 2006–07. The firm filed its return on 30th March 2007 under Section 139(4) of the Income Tax Act, missing the original due date of 31st October 2006 under Section 139(1). The Assessing Officer subsequently disallowed the deduction claimed unde...