Deadline For Income Tax Returns : Gujarat High Court Asks CBDT To Decide On Extension By Jan 12
Live LawA division bench of the Gujarat High Court comprising of Justice J.B. Pardiwala and Justice Ilesh J. Vora on Friday directed Central Board of Direct Taxation to take a decision by January 12 on the extension of filing of Income Tax Returns and Tax Audit Reports for the annual year 2020-21. BACKGROUND OF THE CASE The petitioner, The All Gujarat Federation of Tax Consultants, approached the High Court seeking directions on Central Board of Direct Taxation to extend the date of filing the Income Tax Returns and Tax Audit Reports for the annual year 2020-21 to 31.01.2021 in the wake of Covid-19 pandemic. Therefore, the prayer seeks direction on Union of India, Ministry of Finance to ask CBDT for extending the due date of filing the Income Tax Returns and Tax Audit Reports from 31st October 2020 to 31st January 2021 by exercising the powers under Sec. This was done in three ways: The due date for filing income tax returns for 2020-21 was extended vide the Taxation and Other Laws Act, 2020 to 30 th November 2020 which was subsequently extended to 31.01.2021 for cases wherein tax reports had to be filed and for any other cases, the same was 31.12.2020. to 30 November 2020 which was subsequently extended to 31.01.2021 for cases wherein tax reports had to be filed and for any other cases, the same was 31.12.2020.