Petitioner's Right to Rectify TDS in Income Tax Return Barred by Statute of Limitations Due to Expired Timeframe.

Petitioner's Right to Rectify TDS in Income Tax Return Barred by Statute of Limitations Due to Expired Timeframe. https://www.taxtmi.com/highlights?id=69153 Petitioner seeking to rectify its Income Tax return qua the TDS now being reflected under the correct PAN - with the expiry of limitation, the law bars the remedy even if the right is not extinguished. Therefore, the right of the petitioner, to avail of the remedy of rectification, stood barred by the law of limitation. The petitioner has only itself to blame for not availing of the remedy available to it within the period of limitation, or even within the period during which the application for condonation of delay could be entertained. - HC en-us Mon, 10 Apr 2023 12:07:43 +0530 Mon, 10 Apr 2023 12:07:43 +0530 TaxTMI RSS Generator Petitioner's Right to Rectify TDS in Income Tax Return Barred by Statute of Limitations Due to Expired Timeframe. https://www.taxtmi.com/highlights?id=69153 Petitioner seeking to rectify its Income Tax return qua the TDS now being reflected under the correct PAN - with the expiry of limitation, the law bars the remedy even if the right is not extinguished. Therefore, the right of the petitioner, to avail of the remedy of rectification, stood barred by the law of limitation. The petitioner has only itself to blame for not availing of the remedy available to it within the period of limitation, or even within the period during which the application for condonation of delay could be entertained. - HC Highlights Income Tax Mon, 10 Apr 2023 12:07:43 +0530 https://www.taxtmi.com/highlights?id=69153