Balance sheet for period more than 12 months

Under Income Tax Act previous FY ( Section 3 ) can never be more than 12 months. Since filing of provision of tax audit is provided only under Income Tax Act the same provides that can never be more than 12 months but can be less than 12 months ( In case of 1st year of operation, Winding up etc. )

Under Companies Act the scenario may be different. Some of the cases where FY can be more than 12 months under Companies Act would be -

a. In case of consolidation of a company which has to prepare financials for more than 12 months ( Company being a subsidiary of a foreign company where foreign company maintaining books under different FY )

b. Where company 1st year of operation is less than 3 months and the company wants to show the financials for 15 months (max) can prepare financials for more than 12 months.

does 15 months can be applied to a llp