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Condonation of delay in case of IT return filing

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This query is : Resolved

NASEEMUNNISA BEGUM (Querist)

17 February 2023 Due to some unavoidable reasons , a Public ltd co unable to file its IT return within due date. Actually co has refund for FY 21-22.
Whether application for condonation of delay is viable in this situation ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

17 February 2023 Yes. The Central Board of Taxes (CBDT) has the authority to issue directions to lower-level authorities under Section 119. Furthermore, section 119(2)(b) of the Income Tax Act authorizes the CBDT to direct income tax authorities to grant any claim for exemption, deduction, refund, or other relief under the Income Tax Act, even if the time limit for making such a claim has passed. However, the income tax authority will only allow such claims if the taxpayer’s failure to file a claim by the required deadline was due to circumstances beyond control.

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