Revised ITR Filed on Post NCLT Order is Unreasonable and Not Condonable: Bombay HC [Read Order]

The High Court clarified that any assessment order passed under Sections 143(3) or 144C as well as the consequent notices or orders for AYs for which re-casted accounts have been filed, will not survive.
By Yogitha S. Yogesh - On May 27, 2024 7:49 pm - 3 mins read
Bombay HC - NCLT - ITR - ITR File - Revised ITR - Sections 143(3) - assessment order - taxscan

The Bombay High Court quashes the CBDT’s order rejecting the application filed by CG Power and Industrial Solutions Ltd seeking condonation of delay in filing returns of income based on recast of accounts pursuant to NCLT’s order. It was clarified that any assessment order passed under Sections 143(3) or 144C as well as the consequent…

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