Requirement of filing declaration under section 184(7), as amended by Taxation Laws (Amendment) Act, 1970, within time allowed under section 139(1)/(2) for furnishing return of income - ITOs to be liberal in condoning delay for assessment year 1970-71 and earlier years where, even after 1-4-1971, de https://www.taxtmi.com/circulars?id=4508 The amendment requires firms to furnish the Form 12 declaration within the time allowed for filing returns, which could disqualify continuation of registration if declarations were filed with returns after the amendment's effective date. The proviso permits Income-tax Officers to allow late filing where prevented by sufficient cause; the Board directs liberal exercise of that discretion for earlier assessment years to prevent hardship and condone delay where declarations were filed with returns after the effective date. en-us Fri, 23 Feb 1973 00:00:00 +0530 Wed, 30 Jul 2008 11:55:00 +0530 TaxTMI RSS Generator Requirement of filing declaration under section 184(7), as amended by Taxation Laws (Amendment) Act, 1970, within time allowed under section 139(1)/(2) for furnishing return of income - ITOs to be liberal in condoning delay for assessment year 1970-71 and earlier years where, even after 1-4-1971, de https://www.taxtmi.com/circulars?id=4508 The amendment requires firms to furnish the Form 12 declaration within the time allowed for filing returns, which could disqualify continuation of registration if declarations were filed with returns after the amendment's effective date. The proviso permits Income-tax Officers to allow late filing where prevented by sufficient cause; the Board directs liberal exercise of that discretion for earlier assessment years to prevent hardship and condone delay where declarations were filed with returns after the effective date. Circulars Income Tax Fri, 23 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4508