ITAT Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
Representation highlights long delays at NFAC affecting over 5 lakh appeals, urging CBDT to expedite resolutions and restore taxpayer confidence.
The Association of Tax Lawyers seeks reconsideration of Rule 86B, citing hardship to genuine taxpayers and calling for deletion or amendment of the rule.