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2020 (9) TMI 1140 - HC - Income TaxCondonation of delay in filing the revised return - belated return u/s 139 (5) rejected by Principal Commissioner - HELD THAT:- The delay that the petitioner sought to get condoned was only 42 days. Through Ext.P2 revised return, the petitioner had in fact brought to the notice of the Department, the details of tax that had been deducted at source from amounts received by the petitioner by way of compensation for land acquired from him during the previous year relevant to the assessment year Assessing authority cannot ignore the fact of deduction of tax at source, from payments made to the petitioner during the relevant previous year, while completing the assessment for the assessment year in question. This would be more so because, after deduction of tax at source, the person deducting tax at source would have issued the necessary intimation to the Income Tax Department while forwarding the deducted tax amounts to the Department on behalf of the petitioner assessee. No valid justification for the 4th respondent to have rejected the request of the petitioner under S. 119 (2) of the Act, more so when granting the relaxation as prayed for by the petitioner would not have prejudiced the interests of the department in any manner. Accordingly,quash Ext.P9 order and direct the respondents to consider the details given in Ext.P2 revised return also while finalising the assessment in relation to the petitioner for the assessment year 2014-2015 with consequential benefits.
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