Six-Year Delay in Rectification Application: Bombay High Court Orders Disciplinary Action Against AO

In a recent ruling, the Bombay High Court upheld the principles of substantive justice as enshrined in Section 119(2)(b) of the Income Tax Act. The case involved a dispute between the applicant, Mr. R.K. Madhani Prakash Engineers, and the tax authorities represented by Respondent No.1. The crux of the matter revolved around the condonation of delay in filing returns and the subsequent refusal by the tax authorities to entertain the…