Genuine hardships faced by Consultant: Bombay HC reverses time-barred IT deduction claim for reconsideration u/s 119(2)(b) [Read Order]

Bombay Highcourt - time-barred IT deduction claim - IT deduction claim f - time-barred IT deduction claim for reconsideration - taxscan

The Bombay High Court has recently reversed a claim for deduction under Section 80-IB(10) of the Income Tax Act, 1961 as genuine hardships were faced by the tax consultant and returns had to be filed after lapse of the prescribed time. The Division Bench observed that the denial order is liable to be set aside…

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