S. 119: Central Board of Direct Taxes-Circular-Delay in filing of return-Rejection of application-Delay was condoned-Department was to be directed to open window on E-filing Portal for said period to enable assessee to upload return of income.[S.119(2)(b), 139, Art. 226]

S. 119 : Central Board of Direct Taxes-Circular-Return of income-Delay of five years-Refunds-Non-issuance of a notice under section 148 does not create any right for the assessee to get delay condoned beyond the time limit fixed by the Central Board of Direct Taxes, as both provisions are separate and distinct [S.119(2)(b), 139, 148, Art. 226]

S. 119: Central Board of Direct Taxes-Circular-Condonation of delay-Co-operative society-Pendency of application for condonation of delay by the Chief Commissioner-Directed to decide the application expeditiously-If delay was condoned, assessee was to be permitted to file return under section 139, and if not, assessee could challenge order.[S.80P,119(2)(b), 139,143(1), 250, Tamil Nadu Cooperative Societies Act, 1983, Art. 226]

S. 119: Central Board of Direct Taxes-Circular-Undertaking-Development of Special Economic Zone-Delay of 87 days-rejection of application to condone delay by Principal Commissioner was not tenable-Order passed by Principal Commissioner was quashed and set aside, and he was to be directed to pass a fresh de novo order condoning the delay occurred in filing return of income. [S.44AB,119(2)(b), 143(1), Art. 226]

S. 119 : Central Board of Direct Taxes-Circular-Charitable trust-Delay of 31 days in filing Form N0 10B-Registration-Order rejecting the application for condonation of delay was quashed and set aside. [S.12AA, 119(2)(b), Art. 226]

S. 119: Central Board of Direct Taxes-Circular-Delay of 42 days-Order rejecting the application was set aside-Directed the CIT(E) to decide the application for condonation of delay. [S.11, 12,12AA, 119(2), 143(1), 154,Art. 226]

S. 119 : Central Board of Direct Taxes-Instructions-Circular-Property held for charitable purposes-Delay of 32 days in filing Form 10B-Delay was condoned-Order rejecting the application was set aside-Token cost of Rs 5000 was imposed. [S.11, 119(2)(b), Art. 226]

S. 119: Central Board of Direct Taxes-Circular-Delay in filing of return-Carry forward and set off of business losses-Rejection of application by CBDT-High Court condoned the delay-Losses are allowed to be carried forward-SLP of revenue dismissed on account of delay of 162 days.[S. 72, 119(2)(b), 139 (4), Art. 136]

S. 115JB : Book profit-Capital profit on sale of fixed assets of assessee company cannot be directly credited to Reserves & Surplus and must be routed through Profit & Loss Account for computing book profits-Reworking of profits under section 115JB and assessing tax on ground that profit on sale of Fixed Assets credited to capital reserve by assessee was to be treated as normal profit for arriving at book profits under section 115JB was justified.[S.260A]

S. 115JB : Book profit-While computing book profit under section 115JB, entire amount of profits eligible under section 80HHC was to be excluded from book profit and not 80 per cent thereof-Sales tax incentive/remission received by assessee-company under State incentive scheme linked to fixed capital investment for expansion in a backward area, being capital in nature, was to be excluded from computation of book profit under section 115JB and fell outside ambit of income under section 2(24) [S.2(24), 80HHC, 260A]