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1 - 10 of 26 (0.30 seconds)Section 144 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax vs Dhariwal Sales Enterprises on 9 February, 1996
5.2. It is submitted that as per proviso to Section 153(3) explanation (1) the time allowed in such a case is only 60 days from the date when the time allowed for filing of audit report expired i.e. on 15.3.96 or in any case when the assessment became barred by limitation on 31.3.96. It is submitted that as per decision of M.P. High Court in the case of CIT v. Dhariwal Sales Enterprises 221 ITR 240 the AO should have completed the assessment immediately when he refused to grant further time for audit on 12.3.96 or in any case when the time allowed by him for audit expired on 15.3.96.