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
Form 26 to replace Form 3CD of tax audit report from Tax Year 2026-27 Draft Form 26 has been issued…
When AO do not make any addition on the basis of the reasons on which the reopening was done, the…
Under MV Act separate compensation can not be granted under the head “loss of love and affection” – Supreme Court…
Trust accredited by National Institute of Open Schooling eligible for registration u/s.12AB and u/s 80G of the Act. In a…
Delay in furnishing Form 10B – Period between 15.03.2020 till 20.08.2022 to be excluded as per decision of Hon'ble Supreme…
Section 271AAB does not grant any immunity from penalty even if the assessee was able to show some reasonable cause…
View Comments
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?