The assessee is a company and due dispute among the Directors the Books of account could not be finalized /audited for the F.Y. 2009-10. Now since it is a time barring case and also a tax audit case what remedy is available with the assessee.
28 March 2012
company get the audit done and file the return upto 31.03.12, as belated return u/s 139(4) can b filled upto 1 year from the end of relevant assessment year. here for FY 09-10 return can b filled upto 31.03.12 However, if the there is any tax due then penalty shall be leveiable on the company
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