https://www.taxtmi.com/circulars?id=8887 Income-tax Officers must extend the time for furnishing returns of income and net wealth where new forms are not available, and no penalty under section 271(1)(a) or section 18(1)(a) of the Wealth-tax Act will arise if the return is filed within the extended time. Interest under section 139 should not be charged for the extension period; officers are to waive such interest under rule 117A(v) of the I.T. Rules, 1962, obtaining prior approval of the Inspecting Assistant Commissioner where the interest to be waived exceeds the proviso limit. en-us Tue, 25 Jul 1972 00:00:00 +0530 Mon, 30 May 2011 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8887 Income-tax Officers must extend the time for furnishing returns of income and net wealth where new forms are not available, and no penalty under section 271(1)(a) or section 18(1)(a) of the Wealth-tax Act will arise if the return is filed within the extended time. Interest under section 139 should not be charged for the extension period; officers are to waive such interest under rule 117A(v) of the I.T. Rules, 1962, obtaining prior approval of the Inspecting Assistant Commissioner where the interest to be waived exceeds the proviso limit. Circulars Income Tax Tue, 25 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8887