CIT cannot extend time for submission of Section 142(2C) Audit report by CA

PCIT Vs B.L. Kashyap And Sons Ltd. (Delhi High Court) Introduction: The Delhi High Court, in the case of PCIT vs. B.L. Kashyap And Sons Ltd., delivered a significant ruling regarding the extension of time for the submission of Section 142(2C) Audit reports. The appellant, represented by the Revenue, challenged the order of the Income Tax Appellate Tribunal (ITAT) dated 30.09.2020 in five appeals spanning Assessment Years 2004-05 to 2008-09. Grounds of Appeal: The appeals primarily focused on three substantial questions of law, including whether the Assessing Officer granted an extension under ...