Income tax returns
This query is : Resolved
22 September 2014
the ans is no as till date itr due date ahs not been extented for filling return by 30.9.2014
22 September 2014
As of now date remains 30.09.2014. If possible the return should be filed within 30.09.2014 along with Tax Audit Report.
Delhi High Court once again Adjourned the Tax Audit Deferment case to Monday in the case of Mahesh Kumar And Company Vs. Union Of India & Anr. W.P.(C) 5990/2014 (Delhi High Court). CBDT Lawyer told the CBDT the Govt will suffer a loss of Rs.15K Crore if Date extended to 30th Novt. Govt had Budgeted plan for its revenue and Fund Flow had Create problem for the Govt Revenue and its Budgeted Loss. Court also asked the CBDT Lawyer why don't CBDT defer the New TAR form to Next Year, Starting from 1st April & why from this Year. Court also Directs CBDT to file affidavit regarding non leviability of Penalty U/s. 271(1)(c) in case assessee revises returns filed on or before 30.09.2014.
Similar case pending in the Gujrat High Court for Tax Audit Report Deferment. in the case of Rajni Mangaldas Shah V/S Central Board Of Direct Taxes (Gujrat High Court), SCA/12571/2014.
Delhi High Court once again Adjourned the Tax Audit Deferment case to Monday in the case of Mahesh Kumar And Company Vs. Union Of India & Anr. W.P.(C) 5990/2014 (Delhi High Court). CBDT Lawyer told the CBDT the Govt will suffer a loss of Rs.15K Crore if Date extended to 30th Novt. Govt had Budgeted plan for its revenue and Fund Flow had Create problem for the Govt Revenue and its Budgeted Loss. Court also asked the CBDT Lawyer why don't CBDT defer the New TAR form to Next Year, Starting from 1st April & why from this Year. Court also Directs CBDT to file affidavit regarding non leviability of Penalty U/s. 271(1)(c) in case assessee revises returns filed on or before 30.09.2014.
Similar case pending in the Gujrat High Court for Tax Audit Report Deferment. in the case of Rajni Mangaldas Shah V/S Central Board Of Direct Taxes (Gujrat High Court), SCA/12571/2014.
22 September 2014
Also see--
ICAI seeks extension of due date of filing of return:
https://www.caclubindia.com/news/icai-seeks-extension-of-due-date-of-filing-of-return-14384.asp#.VBxGRfmSzUs
ICAI seeks extension of due date of filing of return:
https://www.caclubindia.com/news/icai-seeks-extension-of-due-date-of-filing-of-return-14384.asp#.VBxGRfmSzUs
22 September 2014
Guj HCs Remark that TAR is mini Asst & is must before filing of ITR is the Moot point which the HC has Extracted, & that point will become the Gates to the Extension of the date of filing of ITR by Guj HC & followed by all other HCs. It seems Verdict to be announced is Clear now only Official Announcement awaited.
Nikhil Kaushik
(Expert)
22 September 2014
There is an update from Gujarat High Court that CBDT be directed to extend the due date for return to 30 November subject to 234A interest. please refer https://www.taxmann.com/topstories/222330000000003810/gujarat-high-court-directs-cbdt-to-extend-due-date-for-filing-of-itr-to-30-11-2014-subject-to-sec-234a-interest.aspx
24 September 2014
https://taxguru.in/income-tax/ap-high-court-cbdt-extension-due-date-itr-30112014.html
can refer this even AP HC have directed cbdt to extend the date
can refer this even AP HC have directed cbdt to extend the date
26 September 2014
As expected date of filing of Income Tax Return for Tax Audit cases extended till 30.11.2014. See notification from below link--
https://www.incometaxindia.gov.in/communications/circular/order-under-section-119-for-return-26-09-2014.pdf
https://www.incometaxindia.gov.in/communications/circular/order-under-section-119-for-return-26-09-2014.pdf
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