Press release on Government extends certain timelines in light of the raging pandemic – CBDT
View PdfPress release on Government extends certain timelines in light of the raging pandemic – CBDT
In the light of several representations received (supra) and to address the hardship being faced by various stakeholders, the Central Government has decided to extend the time limits to 30th June, 2021 in the following cases where the time limit was earlier extended to 30th, April 2021 through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020,
Namely:-
(i) Time limit for passing of any order for assessment or reassessment under the
Income-tax Act, 1961(hereinafter called ‘the Act’) the time limit for which is provided under section 153 or section 153B thereof;
(ii) Time limit for passing an order consequent to direction of DRP under subsection (13) of section 144C of the Act;
(iii) Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment;
(iv) Time Limit for sending intimation of processing of Equalization Levy under sub-section (1) of section 168 of the Finance Act 2016.
COVID19
