When search operations are conducted under section 132 of the Act, the obligation of the assessee to file any return remains suspended till such time that a notice is issued for such purpose under section 153A(1)(a) of the Act. If the return is filed by the assessee within the reasonable time permitted by such notice under section 153A(1)(a) of the Act, such return would then be deemed to have been filed within the time permitted under section 139(1) of the Act for the benefit under section 139(3) of the Act to be availed of by the assessee.
THE CALCUTTA HIGH COURT held on 25 April, 2018 that (1) When search operations are conducted under section 132 of the Act, the obligation of the assessee to file any return remains suspended till such time that a notice…
Read more