Wednesday, April 3, 2019

Power of AO to prescribe Time Limit for Filing Auditor’s Report includes Power to Extend Time limit: Supreme Court [Read Judgment]

A two-judge bench of the Supreme Court has held that the Assessing Officer who prescribes time limit for filing auditor’s report under Section 142(2A) of the Income Tax Act is also entitled to extend time limit even if extension is not sought for by assessee: An assessment under section 153A was passed against the assessee. […]

The post Power of AO to prescribe Time Limit for Filing Auditor’s Report includes Power to Extend Time limit: Supreme Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.



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