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.