Examining Post-Due Date ITR Revisions u/s 139(5) Amidst Company Amalgamation to Ensure Accurate Tax Assessment.

Examining Post-Due Date ITR Revisions u/s 139(5) Amidst Company Amalgamation to Ensure Accurate Tax Assessment. https://www.taxtmi.com/highlights?id=50854 Validity of Revision of Income Tax Returns (ITR) after the expiry of the due date prescribed under Section 139(5) on account of the pendency of proceedings for amalgamation of the assessee companies with other companies - it is incumbent upon the Department to assess the total income of the successor in respect of the previous assessment year after the date of succession. en-us Mon, 23 Dec 2019 17:31:21 +0530 Mon, 23 Dec 2019 17:31:09 +0530 TaxTMI RSS Generator Examining Post-Due Date ITR Revisions u/s 139(5) Amidst Company Amalgamation to Ensure Accurate Tax Assessment. https://www.taxtmi.com/highlights?id=50854 Validity of Revision of Income Tax Returns (ITR) after the expiry of the due date prescribed under Section 139(5) on account of the pendency of proceedings for amalgamation of the assessee companies with other companies - it is incumbent upon the Department to assess the total income of the successor in respect of the previous assessment year after the date of succession. Highlights Income Tax Mon, 23 Dec 2019 17:31:21 +0530 https://www.taxtmi.com/highlights?id=50854