Extension of time for filing return for assessment year 1972-73 in cases where returns are due to be filed by June 30, 1972 - Waive of interest chargeable for period of delay up to July 31, 1973

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..... 0, 1972 - Waive of interest chargeable for period of delay up to July 31, 1973 1. I am directed to inform you that the Board have decided to extend the time for furnishing voluntary returns of income and net wealth for the assessment year 1972-73 till July 31, 1972, in cases where such returns are due before that date. A copy of the Press Note dated 19-6-1972 [printed here as Annex] issued in thi .....

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..... 72 in such cases. In terms of the proviso to the aforesaid rule, the previous approval of the Inspecting Assistant Commissioner will have to be obtained by the Income-tax Officer in cases where the amount of interest to be so waived exceeds one thousand rupees. Circular : No. 88 [F. No. 142(12)/72-TPL], dated 19-6-1972. ANNEX - PRESS NOTE REFERRED TO IN CLARIFICATION The Central Board of Direct .....

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