Rule made returnable forthwith. The learned Counsel for the respondents waives service.

Heard finally by consent of parties.

2. The petitioner is challenging the order dated 25/03/2015 passed by the respondent no.2, by which a delay of about 9 months in filing income tax return for Assessment Year 2012-13 has been disallowed.

3. I have heard the learned Counsel for the parties and perused the impugned order.

4. It is contended on behalf of the petitioner that the provisional accounts of the petitioner for the Accounting Year 2011-12 were submitted to the Statutory Auditor M/s. K.V. Vernekar and Associates somewhere in July, 2012. The audited accounts were placed before the Board of Directors on 5/09/2012, which were approved. On 11/06/2013, the Statutory Auditors submitted the audit report. It is contended that being a company which is wholy owned by the Government of Goa, the petitioner submitted the accounts to the office of the Comptroller and Auditor General of India (CAG) for further audit and certification. On 21/06/2013, the petitioner addressed a letter to the Audit Officer, Office of the Accountant General, Goa. On 28/06/2013, the CAG issued the requisite audit certi