HC condoned delay in filing ITR as it was filed belatedly due to delay in pronouncement of ruling by AAR

INCOME TAX: Where assessee filed its return claiming refund belatedly and reason given for delay was that AAR pronounced ruling, regarding taxability of its income after expiry of period prescribed for filing return, revenue authorities were to be directed to condone delay in filing return subject to payment of cost and, thereupon, assessee's claim for refund would be decided in accordance with law

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