DELAY CONDONATION- FORM 68, Income Tax

[PARALIJAYAPALAN ANILKUMAR]

Respected Members,

A delay of four months had occured while filing 68 to avail the immunity u/s. 270AA. Even though we had complied all others conditions the assessing authority rejected our application and levied penalty on the ground of delay. Is there any provision to condone the delay or any precedent in this matter. please help me to sort out this issue.

Posts / Replies

[Padmanathan Kollengode]

When you have complied with all the conditions and there is only delay in filing Form 68 (which is only a technical defect), normally the delay must be condoned if sufficient cause is shown.

Also, where you given an opportunity of being heard before rejecting your application? You may consider filing a writ petition before the High Court.