ITR Due Date Extension for Tax Audit Case Not Applicable to Assessee Liable for Audit under Other Acts

Gulu Hassanand Raney Vs Asst. Director of I.T. Bangalore-CPC (ITAT Mumbai) In the case of Gulu Hassanand Raney vs. Asst. Director of I.T. Bangalore-CPC (ITAT Mumbai), an appeal was filed against the order of assessment passed by the Assistant Director of I.T. The main issue in the appeal was whether the due date for filing the income tax return could be extended for the appellant, who was liable for audit under a law other than the Income Tax Act. Analysis: The appellant argued that their accounts were audited by qualified chartered accountants as prescribed by the Companies Act, and therefore...