05 September 2009
The asseessee is trust and applied for the Reg.u/s 12 AA with the CIT but CIT has disallowed the same & the assessee is on to ITAT for the same, and due to these situation the assessee has not filed the returns thereafter and now the case is in the favour of the assessee the same reg. is allowed from the beganing i.e. from the date of applied,can the assessee file the return for all the year from that period ?????
Or the assessee has to Wait for the dept to issue notice u/s 148 of the IT Act 1961 for filing the return ???????????
4) Any person who has not furnished a return within the time allowed50 to him under sub-section (1), or within the time allowed under a notice issued under sub-section (1) of section 142, may furnish the return for any previous year at any time50 before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
CAclubindia
