Audit report filing requirement extended: late audit reports for affected assessment year may be filed before completion of assessment. Where the statutory obligation to maintain books and obtain a tax audit and to furnish an auditor's report under the presumptive income provisions was inserted retrospectively after the prescribed filing date, affected assessees may furnish the required audit report anytime before completion of assessment for that year, and such filing will be treated as deemed compliance with the original filing requirement.
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.
Audit report filing requirement extended: late audit reports for affected assessment year may be filed before completion of assessment.
Where the statutory obligation to maintain books and obtain a tax audit and to furnish an auditor's report under the presumptive income provisions was inserted retrospectively after the prescribed filing date, affected assessees may furnish the required audit report anytime before completion of assessment for that year, and such filing will be treated as deemed compliance with the original filing requirement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
