AdvertisementAxe Bpo Services Private Limited Vs Director (ITA-1) (Madras High Court) The Madras High Court considered a writ petition challenging an order dated 29.11.2023 passed under Section 119(2)(b) of the Income-tax Act, 1961, rejecting the petitioner’s application seeking condonation of delay in filing Form 10-IC for Assessment Year 2020-21. The petitioner, Axe BPO Services Private Limited, engaged in providing information technology-related services, filed its income tax return for Assessment Year 2020-21 declaring total income of ₹1,92,06,950 and paid tax at the concessional rate of 22% af...