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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Power to file Revised returns of income pursuant to the scheme ...


NCLT Approves Filing Revised Tax Returns Beyond Limitation Period Under Companies Act Section 391; E-Filing Not Mandatory.

May 8, 2019

Case Laws     Income Tax     HC

Power to file Revised returns of income pursuant to the scheme of arrangement and amalgamation approved by the NCLT - scheme approved u/s 391 of the Companies Act gives statutory force to enable the assessee to file the revised returns of income beyond limitation u/s 139(5), Circular No. 9 of 2015 issued u/s 119(2)(b) is not applicable and it is not necessary to file revised returns electronically

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