{"id":25211,"date":"2022-02-26T14:00:20","date_gmt":"2022-02-26T08:30:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kolar-and-chickballapur-district-co-op-bank-ltd-v-a-cit-2021-439-itr-678-karn-hc\/"},"modified":"2022-02-26T14:00:20","modified_gmt":"2022-02-26T08:30:20","slug":"kolar-and-chickballapur-district-co-op-bank-ltd-v-a-cit-2021-439-itr-678-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kolar-and-chickballapur-district-co-op-bank-ltd-v-a-cit-2021-439-itr-678-karn-hc\/","title":{"rendered":"Kolar and Chickballapur District Co-Op. Bank Ltd. v. A CIT (2021) 439 ITR 678 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that\u00a0 the return claiming loss had been submitted with a delay of just one day and even that was caused by a bona fide error. The mistake could be rectified. Court gave liberty\u00a0 to the assessee to file an application under section\u00a0119(2)(b)\u00a0of the Act before the competent authority seeking condonation of delay in filing returns and thereafter carry forward of loss to the subsequent assessment year which were incurred during the assessment year\u00a02004-05.(AY.2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 154 : Rectification of mistake-Loss return-One day delay in filling of return-Mistake must be obvious-Assessment order passed without considering the delay in filing of return-Mistake which could be rectified-Liberty given to the assessee to file an application before CBDT. [S. 80,  119(2)(b), 139(3)]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-25211","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6yD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25211"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25211\/revisions"}],"predecessor-version":[{"id":25212,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25211\/revisions\/25212"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}