Condonation of delay in case of IT return filing
This query is : Resolved
17 February 2023
Due to some unavoidable reasons , a Public ltd co unable to file its IT return within due date. Actually co has refund for FY 21-22.
Whether application for condonation of delay is viable in this situation ?
Whether application for condonation of delay is viable in this situation ?
17 February 2023
Yes. The Central Board of Taxes (CBDT) has the authority to issue directions to lower-level authorities under Section 119. Furthermore, section 119(2)(b) of the Income Tax Act authorizes the CBDT to direct income tax authorities to grant any claim for exemption, deduction, refund, or other relief under the Income Tax Act, even if the time limit for making such a claim has passed. However, the income tax authority will only allow such claims if the taxpayer’s failure to file a claim by the required deadline was due to circumstances beyond control.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
