Information return obligation requires specified entities to file prescribed returns; defects or non filing are treated as not furnished. Specified persons and authorities responsible for maintaining records of registration, accounts, tax or transaction details must furnish an information return for such records in the prescribed periods, form, manner and to the prescribed authority. The Commissioner or an authorised officer may intimate defects and allow rectification within thirty days or an extended period on application; failure to rectify will result in the return being treated as not furnished. If the return is not furnished within prescribed time, the authority may issue a notice requiring furnishing within a period not exceeding ninety days from service.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Information return obligation requires specified entities to file prescribed returns; defects or non filing are treated as not furnished.
Specified persons and authorities responsible for maintaining records of registration, accounts, tax or transaction details must furnish an information return for such records in the prescribed periods, form, manner and to the prescribed authority. The Commissioner or an authorised officer may intimate defects and allow rectification within thirty days or an extended period on application; failure to rectify will result in the return being treated as not furnished. If the return is not furnished within prescribed time, the authority may issue a notice requiring furnishing within a period not exceeding ninety days from service.
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