Late tax return allowance permits belated or revised wealth tax returns within prescribed time limits before assessment completion. A substituted section permits furnishing a return or revised return if not filed within the original period or to correct omissions, provided it is furnished before the expiry of one year from the end of the relevant assessment year or before completion of the assessment, whichever is earlier. Transitional provisos allow returns for the assessment year starting 1 April 1987 or earlier up to 31 March 1990, and for the assessment year starting 1 April 1988 up to 31 March 1991, each subject to the earlier completion of assessment.
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.
Late tax return allowance permits belated or revised wealth tax returns within prescribed time limits before assessment completion.
A substituted section permits furnishing a return or revised return if not filed within the original period or to correct omissions, provided it is furnished before the expiry of one year from the end of the relevant assessment year or before completion of the assessment, whichever is earlier. Transitional provisos allow returns for the assessment year starting 1 April 1987 or earlier up to 31 March 1990, and for the assessment year starting 1 April 1988 up to 31 March 1991, each subject to the earlier completion of assessment.
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