Timely compliance is important. File Returns and forms timely to avoid definite losses and contingencies due to late filing. Condonation of delay , even if allowed by CBDT may not be final.

Timely compliance is important. File Returns and forms timely to avoid definite losses and contingencies due to late filing. Condonation of delay , even if allowed by CBDT may not be final. https://www.taxtmi.com/article/detailed?id=12073 The document critiques uncertainty over CBDT's power to condone delayed filing under Section 119(2)(b), observes that High Courts have condoned delay under Articles 226 and 227 on facts while the Supreme Court left the legal question open, and recommends a specific statutory mechanism delegating authority-preferably to Assessing Officers-with a prescribed application process and guidelines for extending or condoning filing deadlines. en-us Mon, 27 Nov 2023 16:22:47 +0530 Mon, 27 Nov 2023 16:22:47 +0530 TaxTMI RSS Generator Timely compliance is important. File Returns and forms timely to avoid definite losses and contingencies due to late filing. Condonation of delay , even if allowed by CBDT may not be final. https://www.taxtmi.com/article/detailed?id=12073 The document critiques uncertainty over CBDT's power to condone delayed filing under Section 119(2)(b), observes that High Courts have condoned delay under Articles 226 and 227 on facts while the Supreme Court left the legal question open, and recommends a specific statutory mechanism delegating authority-preferably to Assessing Officers-with a prescribed application process and guidelines for extending or condoning filing deadlines. Articles Other Topics Mon, 27 Nov 2023 16:22:47 +0530 https://www.taxtmi.com/article/detailed?id=12073