Padmalochanan Radhakrishnan vs Union of India & Ors.
Whether the Assessing Officer can reject a claim for carry forward of loss on the ground that the return was filed under Section 139(4) of the Income Tax Act, 1961, relying on CBDT Circular No. 11 of 2024, without considering the genuineness of the delay? --- Held: No, the delay of 7 days was negligible and bonafide, and the Assessing Officer misconstrued the intent of the statutory provisions and the Circular.
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