CBDT can’t reject condonation application without considering documents furnished by Co. citing reasons for delay

INCOME TAX : Assessee company filed its return of income after a delay – It sought for condonation of delay on ground that internal disputes and prolonged litigation between promoters and investors concerning very management of assessee had led to delay in statutory audits and other compliances, which was beyond control of assessee – CBDT rejected said application for condonation of delay on ground that delay was not caused by any external factors which assessee had no control over – On writ,INCOME TAX : Assessee company filed its return of income after a delay – It sought for condonation of delay on ground that internal disputes and prolonged litigation between promoters and investors concerning very management of assessee had led to delay in statutory audits and other compliances, which was beyond control of assessee – CBDT rejected said application for condonation of delay on ground that delay was not caused by any external factors which assessee had no control over – On writ,www.taxmann.com Latest Case LawsRead More

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