INCOME TAX

5101/1992

INSTRUCTION NO. 5101/1992

 Dated: January 9, 1992

Section(s) Referred: 139(1) ,234A

Statute: Income - Tax Act, 1961

In exercise of the powers conferred under clause (a) of sub-section (2) of Section 119 of the I.T. Act, 1961, the Central Board of Direct Taxes hereby orders that -

i) In the case of any assessee company, where under the provisions of the explanation to Sub-sec.(1) of Section 139 of the I.T. Act, the return of income for the asst. year 1991-92 had to be furnished by the 31st day of December, 1991, the said due date shall be deemed to have been extended to 31st January, 1992.

ii) Interest chargeable u/s. 234A of the I.T. Act, 1961, for the delay in furnishing of the said return of income in such cases shall accordingly be waived for the period commencing on the 1st day of January, 1992 and ending on the date of furnishing of such return, or 31st January, 1992, whichever is earlier.

F. No. 225/228/91-ITA. II