Delhi High Court - Orders
Trinity Wisdom Academy Private Limited vs Principal Commissioner Of Income Tax ... on 29 November, 2024
Author: Vibhu Bakhru
Bench: Vibhu Bakhru, Swarana Kanta Sharma
$~49
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ W.P.(C) 8076/2024 & CM APPL. 33282/2024
TRINITY WISDOM ACADEMY PRIVATE LIMITED ...Petitioner
Through: Mr. Gaurav Jain and Mr. Rahul
Prabhakar, Advocates
versus
PRINCIPAL COMMISSIONER OF INCOME
TAX DELHI 7 ANR & ANR. .....Respondents
Through: Mr. Puneet Rai, SSC with Mr.
Ashvini Kumar, Mr. Rishabh Nangia,
JSCs and Mr. Nikhil Jain and
Advocate
CORAM:
HON'BLE MR. JUSTICE VIBHU BAKHRU
HON'BLE MS. JUSTICE SWARANA KANTA SHARMA
ORDER
% 29.11.2024
1. The petitioner has filed the present petition inter alia impugning an order dated 29.04.2024 passed by the concerned authority rejecting the petitioner's application for condonation of delay in filing Form 10(IC) electronically for availing the benefit of a special rate of tax as provided under Section 115BAA of the Income Tax Act, 1961 (hereafter the Act) in respect of assessment year (AY) 2020-21.
2. The petitioner also seeks a consequent relief of modification of the intimation dated 06.08.2021 issued under Section 143(1) of the Act. The petitioner submits that AY 2020-21 was the first year of operation of Section 115BAA of the Act. Special rate of tax was available to certain assessees, subject to the assessee filing an application in a requisite manner, within the time as prescribed for filing of a return under Section 139(1) of the Act.
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3. The learned counsel for the petitioner submits that the Central Board of Direct Taxes (CBDT) has now issued a circular (being Circular No. 17 of 2024 dated 18.11.2024) under Section 119(2)(B) of the Act, empowering the concerned officers viz. Principal Commissioner of Income Tax/ Commissioner of Income Tax, Chief Commissioner of Income Tax and Director General of Income Tax for considering and dealing with application for condonation of delay in filing Form 10(IC).
4. Mr. Rai, the learned counsel appearing for the Revenue fairly submits that the parties did not have the benefit of the aforementioned circular which has been issued subsequently and the matter may be remanded to the concerned officer to consider the petitioner's application in the light of the aforementioned circular.
5. The learned counsel appearing for the petitioner is agreeable to this course.
6. Consequently, with the consent of the parties, we set aside the impugned order dated 29.04.2024. We permit the petitioner to make an application before the competent officer. We further clarify that, if the application is made within a period of two weeks from date, the competent officer shall consider the same on merits including in the light of the circular No. 17 of 2024 dated 18.11.2024.
7. The present petition is disposed of. Pending application also stands disposed of.
VIBHU BAKHRU, J
SWARANA KANTA SHARMA, J
NOVEMBER 29, 2024
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This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/12/2024 at 22:05:30