ITR not to be treated invalid, merely because ITR-V is not received at CPC, if no faliure on the part of assessee-Bombay HC

0 comments Friday, December 23, 2011
Bombay High Court has given an important decision in Crawford Bayley & Company Vs. Union of India & Others wherein it has been held that where the assessee has bonafidely sent ITR-V form to CPC by ordinary post, but it has not been received there with CPC, the return of Income cannot become invalid on this ground. The assessing officer can allow the assessee to file ITR-V u/s 139(9) of Income Tax Act, 1961, if assessment has not been completed as yet.
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