HC : Admits challenge, finds limit imposed u/s 39 over return rectification impermissible

Delhi HC opines that placing a quantitative cap over a specified period may not be permissible while observing that with respect to rectification of returns, suitable amendments have been carried out in Section 39(9) to facilitate at least two rectifications within a specified period; Notes petitioner’s plea that Sections 37 and 39(9) are to be read with Rules – i.e. Rule 71 – sub-rules (2) and (3) which in fact indicate that there can be “rectification for a mon...