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2011 (9) TMI 241 - HC - Income TaxBlock Assessment - Section 158BC - giving the assessee 15 days time to file the return of income and further time of eighteen months has been granted to the assessee to file the return of income - As in the case of CIT v. Micro Labs Ltd - Section 139 is a voluntary return. A return under Chapter XIV-B cannot be filed voluntarily. It is only when a notice under Section 158BC is validly issued - the time to be granted to the assessee in terms of Section 158BC is a minimum of 15 days and a maximum of 45 days. If the said period of time is not granted, the notice is invalid - Held that in view of aforesaid judgement in this case also as the time stipulated in the notice under Section 158BC is within 15 days time it is void ab initio - Appeal dismissed - Decided against the favour of Revenue.
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