Time-limit extension for income-tax and finance-act compliance; notices, sanctions and Aadhaar intimation deadlines moved forward. The notification modifies prior relief by extending statutory time-limits: for certain Income-tax Act actions-orders under the dispute-resolution provision, issuance of reassessment notices and sanctions to initiate reassessment-the original end date in late March is fixed and the time-limit is extended to the end of April, applying the pre-2021 finance-act versions of the relevant income-tax provisions for reassessment notices and sanctions. The Aadhaar intimation requirement to the prescribed authority is extended to the end of June. Comparable March-to-April extension applies to specified intimation obligations under Chapter VIII of the Finance Act.
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Provisions expressly mentioned in the judgment/order text.
Time-limit extension for income-tax and finance-act compliance; notices, sanctions and Aadhaar intimation deadlines moved forward.
The notification modifies prior relief by extending statutory time-limits: for certain Income-tax Act actions-orders under the dispute-resolution provision, issuance of reassessment notices and sanctions to initiate reassessment-the original end date in late March is fixed and the time-limit is extended to the end of April, applying the pre-2021 finance-act versions of the relevant income-tax provisions for reassessment notices and sanctions. The Aadhaar intimation requirement to the prescribed authority is extended to the end of June. Comparable March-to-April extension applies to specified intimation obligations under Chapter VIII of the Finance Act.
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