Income taxpayers to get time beyond May 31 for filing appeal
The Central Board of Direct Taxes (CBDT) has said that taxpayers will get more time for filing appeal beyond May 31.
The board is apex policy making body for Income Tax and Corporate Tax.
In a circular, the board clarified that if different relaxations are available to the taxpayers for a particular compliance, the taxpayer is entitled to the relaxation which is more beneficial to him. Thus, “for the purpose of counting the period(s) of limitation for filing of appeals before the (CIT-Appeals) under the Act, the taxpayer is entitled to a relaxation which is more beneficial to him and hence the said limitation stands extended till further orders as ordered by the Supreme Court in Suo Motu Writ Petition (Civil) No.3 of 2020 vide order dated April 27, 2021.”
Source link
Follow Advocate Finder on Google