Time-limit to file statement in Form No. 37-I in respect of transfer of immovable property before 16-10-1986 - Rule 48L(2)(a) of the Income-tax Rules, 1962 - Extension of
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Time limit for Form 37 I filing extended to permit belated compliance without punitive action within the specified extension. Government directed that no punitive action be taken for belated compliance with Rule 48L(2)(a) requiring statements in Form No. 37 I relating to transfers of immovable property before 16 10 1986, provided the statement is furnished on or before 15 11 1986, in view of the recent commencement of Chapter XXC and intervening holidays.
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Provisions expressly mentioned in the judgment/order text.
Time limit for Form 37 I filing extended to permit belated compliance without punitive action within the specified extension.
Government directed that no punitive action be taken for belated compliance with Rule 48L(2)(a) requiring statements in Form No. 37 I relating to transfers of immovable property before 16 10 1986, provided the statement is furnished on or before 15 11 1986, in view of the recent commencement of Chapter XXC and intervening holidays.
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