Extension of time for filing returns in the cases of persons owning agricultural lands for assessment years 1970-71 and 1971-72 up to February 29, 1972

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..... bruary 29, 1972 1. Attention of the Commissioners is invited to the enclosed handout issued by the Board to the Press Note on 21-1-1972 [printed here as Annex ] under which general extension of time for filing the returns of wealth in the cases of persons owning agricultural lands or other assets related thereto has been allowed up to the end of February 1972, for the assessment years 1970- .....

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..... il 1, 1970. Individuals and Hindu undivided families having wealth liable to wealth-tax are required under the Wealth-tax Act to furnish returns of wealth, voluntarily by June 30, of the relevant assessment year. 2. The relevant provision of the Act has been held to be intra vires the Constitution by the Supreme Court vide their judgment October 21, 1971, in the case of Union of India v. .....

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