Late wealth-tax return filing: permitted within a limited post-assessment period or until assessment completion under statutory rules. Allows late or revised wealth-tax returns where a taxpayer who omitted or misstated information may file a return or revised return within one year from the end of the relevant assessment year or at any time before completion of the assessment, whichever is earlier; includes transitional cut-offs for earlier assessment years and replaces a prior rule allowing filing any time before 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 wealth-tax return filing: permitted within a limited post-assessment period or until assessment completion under statutory rules.
Allows late or revised wealth-tax returns where a taxpayer who omitted or misstated information may file a return or revised return within one year from the end of the relevant assessment year or at any time before completion of the assessment, whichever is earlier; includes transitional cut-offs for earlier assessment years and replaces a prior rule allowing filing any time before assessment.
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