4 Replies
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 06 April 2018
Section 119(2)(b) of the Income tax Act gives powers to the Central Board of Direct Taxes if it considers it desirable or expedient so to do for avoiding genuine hardship in any case or class of cases, by general or special order, authorise [any income-tax authority, other than the Commissioner (Appeals)] to admit an application or claim for any exemption, deduction, refund or any other relief under this Act after the expiry of the period specified by or under this Act for making such application or claim and deal with the same on merits. The power of the Board is quasi judicial in nature and has to confirm to the principals of natural justice and should be judicially exercised.
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 06 April 2018
WHO WANTS TO FILE HIS PREVIOUS YEAR UNFILED RETURNS
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