Central Board of Direct Taxes has extended the due date for filing returns of income to 29.2.2008 - For Certain cases only

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....ard of Direct Taxes, vide notification S.O. No.762(E) dated 14 th May, 2007 for the Assessment Year 2007-08, substituted the old return forms by notifying eight new return forms under a new series ( ITR-1 to ITR-8). The validity of the said notification was challenged in different High Courts of the country. The Hon'ble High Court of Allahabad (Lucknow Bench) had passed an interim order directi....

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....07-08, the Central Board of Direct Taxes has extended the due date for filing returns of income to 29.2.2008. This extension of due date is applicable to assessees, who have,- (i) filed the return of income for the A.Y.2007-08 on or after 14 th May, 2007; and (ii)   filed the return in a form other than one of the forms notified for assessment year 2007-08( ITR-1 to ITR-8). Consequen....

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....t order, prepared by the Ministry of Finance, was submitted by the Additional Solicitor General Mohan Parasaran to a Bench headed by Justice B.N. Agrawal. It is proposed to be issued by Saturday, said Government. The draft order says: "with a view to enable such assessees to file returns in the specified forms prescribed for the assessment year 2007-08, the Central Board of Direct Taxes in exercis....