Topic

belated return

2 articlesLatest May 2026
Section 119(2)(b) Income Tax Act | CBDT Circular Cannot Override Statutory Discretion to Condone 7-Day Delay for Loss Carry Forward : Delhi HC
Case Law Analysis
|Delhi High Court

Section 119(2)(b) Income Tax Act | CBDT Circular Cannot Override Statutory Discretion to Condone 7-Day Delay for Loss Carry Forward : Delhi HC

Delhi High Court rules that CBDT Circular No. 11 of 2024 cannot restrict the statutory discretion under Section 119(2)(b) to condone minor delays in return filing for loss carry forward. The court held that a 7-day delay, if justified, must be condoned to prevent denial of rights under Section 80, reinforcing judicial discretion over administrative circulars.

Section 115BAC | Late Filing of Form 10-IE Before Section 143(1) Processing Still Validates New Tax Regime Option : ITAT Ahmedabad
Case Law Analysis
|Income Tax Appellate Tribunal

Section 115BAC | Late Filing of Form 10-IE Before Section 143(1) Processing Still Validates New Tax Regime Option : ITAT Ahmedabad

ITAT Ahmedabad rules that an assessee who files Form 10-IE after the due date but before the CPC processes the return under Section 143(1) is still entitled to the new tax regime benefits. This clarifies that substantial compliance, not strict timeliness, governs the opt-in mechanism-protecting taxpayers from automatic disqualification due to administrative delays.

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