By Taxscan Team – On March 1, 2021 11:01 am
The Central Board of Direct Taxes (CBDT) notifies CBDT notifies Extension of time barring Assessments to 30th April 2021 and Penalty to 29th June 2021.
The Board notified that the date for the passing of assessment or reassessment orders under the IT Act, which is getting time-barred on 31st March 2021 due to extension of limitation date by the notification dt 31st December 2020 has been extended to 30th April 2021.
The date for passing assessment or reassessment orders, that are getting time-barred on 31st March 2021, as per the time limit specified in section 153 or 153B of the Income-tax Act, has been extended by 6 months i.e. to 30th September 2021.
Also the date for the passing of penalty orders extended to 30th June 2021. The date for issue of notice & passing of orders by Adjudicating Authority under the Benami Act extended to 30th September 2021.