Applications u/s 35(1) of the I.T. Act, 1922. - Income Tax - 428/CBDT

INSTRUCTION NO. 428/CBDT Dated: May 14, 1972 Section(s) Referred: 35 Statute: Income - Tax Act, 1961 Reference is invited to Board's letter F. No. 29/95/65-IT(A.II) dated 16th October, 1965. 2. It has been decided that the procedure outlined in the aforesaid letter will also be followed in respect of valid applications u/s 35(1) of the I.T. Act, 1922 which had been filed by the assessees within the statutory time limit but were not disposed of with in the specified time limit.