CBDT due to corona virus may grant extension of date for time barring cases under IT Act, Vivad se Vishwas/Black Money Act
Income Tax Department is facing acute shortage of the staff, due to lockdown in many States / Cities to restrict the spread of virus Covid-19 ( Corona) infection.
However, there are many powers/functions/options under the Income Tax Act, 1961 which are becoming time-barring on 31st March, 2020, for example:
It is believed that Principal Chief Commissioner of Income Tax (PrCCIT) Mumbai has written a request for the extension to Chairman, CBDT
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These are all time barring dates for the Department. What about the extension of statutory dates to be observed on the part of the assessee?