EXTENSION OF TIME LIMIT FOR FILING RESPONSE TO NOTICE ISSUED U/S 142(1) OF THE INCOME TAX ACT BY CBDT

EXTENSION OF TIME LIMIT FOR FILING RESPONSE TO NOTICE ISSUED U/S 142(1) OF THE INCOME TAX ACT BY CBDT

In order to provide relief to the tax payers as well as professionals, to become familiar with E- assessment procedure, Income Tax Department extended the time limit for filing response of notices issued upto 24/12/2019  u/s 142(1) by the national E-Assessment Centre to the 10/01/2020 or the time given in the notices, whichever is later.

Extension by Income Tax Department, read here.

कर दाताओं के साथ-साथ पेशेवरों को भी ई- मूल्यांकन प्रक्रिया से परिचित होने के लिए आयकर विभाग ने राहत प्रदान करने के लिए 

24/12/2019 तक  section 142 (1) द्वारा जारी नोटिसों की प्रतिक्रिया दर्ज करने की समय सीमा बढ़ा कर 10/01/2020 कर दी गई है। 

Section 142(1)

As per the Income Tax Act sec. 142(1) notice served by the assessing officer -

142. (1) For the purpose of making an assessment under this Act, the Assessing Officer may serve on any person who has made a return under section 115WD or section 139 or in whose case the time allowed under sub-section (1) of section 139 for furnishing the return has expired a notice requiring him, on a date to be therein specified,—

 (i)  where such person has not made a return within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year to furnish a return of his income or the income of any other person in respect of which he is assessable under this Act, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed, or :

Provided that where any notice has been served under this sub-section for the purposes of this clause after the end of the relevant assessment year commencing on or after the 1st day of April, 1990 to a person who has not made a return within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year, any such notice issued to him shall be deemed to have been served in accordance with the provisions of this sub-section,

(ii)  to produce, or cause to be produced, such accounts or documents as the Assessing Officer may require, or

(iii) to furnish in writing and verified in the prescribed manner information in such form and on such points or matters (including a statement of all assets and liabilities of the assessee, whether included in the accounts or not) as the Assessing Officer may require :

Provided that—

(a)  the previous approval of the Joint Commissioner shall be obtained before requiring the assessee to furnish a statement of all assets and liabilities not included in the accounts;

(b)  the Assessing Officer shall not require the production of any accounts relating to a period more than three years prior to the previous year.