The Calcutta High Court has set aside the Principal Commissioner's rejection for condonation of a delay in filing Form 10-IC, instructing the petitioner to approach CBDT.
Calcutta HC Quashes PCIT’s Order on Delay Condonation
The Calcutta High Court has quashed the order of the Principal Commissioner of Income Tax (PCIT) concerning the denial of condonation for the delayed filing of Form 10-IC. The Court held that only the Central Board of Direct Taxes (CBDT) holds jurisdiction for such matters pertaining to Assessment Year 2024-25.
This decision clarifies the procedural landscape and reinforces that the appropriate authority for addressing delays in filing remains with the CBDT, thus guiding petitioners on how to rectify similar filing issues in the future.
Legal practitioners should be aware of this ruling, as it sets a precedent for handling delay condonation cases, ensuring they direct clients to the correct authorities for matters related to tax filings.
