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Writ Applications to extend TAR/ITR under S.119 of Income Tax Act rejected by the Gujarat High Court

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It is the case of the CBDT that it has declined to exercise its power under S. 119 of the Income Tax Act, 1961 Act as the conditions for exercise of such power do not exist.

It is the case of the Revenue that the issue of hardship was dealt with considerably at the relevant point of time and that is the reason why three times the time limit came to be extended. The Board has now thought fit in the interest of the Revenue not to extend the time period any further.

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