https://www.taxtmi.com/article/detailed?id=5852 CBDT extended the due date for filing returns for assessees requiring tax audit to coincide with the tax audit report deadline but, by paragraph 7, excluded that extension for purposes of computing interest under Explanation 1 to the interest provision, thereby retaining the earlier due date for interest liability. The author argues this exclusion is ultra vires because the statutory "due date" referenced by the interest provision follows the return filing date, and a valid extension under the Board's power cannot be bifurcated for different statutory purposes. en-us Wed, 01 Oct 2014 06:44:23 +0530 Wed, 01 Oct 2014 06:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5852 CBDT extended the due date for filing returns for assessees requiring tax audit to coincide with the tax audit report deadline but, by paragraph 7, excluded that extension for purposes of computing interest under Explanation 1 to the interest provision, thereby retaining the earlier due date for interest liability. The author argues this exclusion is ultra vires because the statutory "due date" referenced by the interest provision follows the return filing date, and a valid extension under the Board's power cannot be bifurcated for different statutory purposes. Articles Income Tax Wed, 01 Oct 2014 06:44:23 +0530 https://www.taxtmi.com/article/detailed?id=5852