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Due date

SATINDER PAL SINGH (PROPRIETOR) (33 Points)

21 September 2014

is there any possibility of date extension by cbdt for AY 2014-15.

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 21 September 2014

As of now date remains 30.09.2014. If possible the return should be filed within 30.09.2014 along with Tax Audit Report.

Delhi High Court once again Adjourned the Tax Audit Deferment case to Monday in the case of Mahesh Kumar And Company Vs. Union Of India & Anr. – W.P.(C) 5990/2014 (Delhi High Court)

CBDT Lawyer told the CBDT the Govt will suffer a loss of Rs.15K Crore if Date extended to 30th Novt. Govt had Budgeted plan for its revenue and Fund Flow had Create problem for the Govt Revenue and its Budgeted Loss.

Court also asked the CBDT Lawyer why don't CBDT defer the New TAR form to Next Year, Starting from 1st April & why from this Year.

Court also Directs CBDT to file affidavit regarding non leviability of Penalty U/s. 271(1)(c) in case assessee revises returns filed on or before 30.09.2014.

Similar case pending in the Gujrat High Court for Tax Audit Report Deferment. in the case of Rajni Mangaldas Shah V/S Central Board Of Direct Taxes (Gujrat High Court), SCA/12571/2014.