The CBDT vide Notification No. 20/2021-Income-tax, dated March 31, 2021 has issued modification in Notification No.93/2020-Income-tax, dated December 31, 2020 that prescribed the time limit and relaxation of certain provisions of Specified Acts as defined under Section 2(1)(b) of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (“TOL Act”), in a following manner:
- Where the Specified Act is the Income-tax Act, 1961 (“Income-tax Act”)
- The completion of any action referred to in Section 3(1)(a) of the TOL Act, relates to passing of an order under Section 144C(13) or issuance of notice under Section 148 as per time-limit specified in Section 149 or sanction under Section 151 of the Income-tax Act-
- March 31, 2021 shall be the end date of the period during which the time limit, specified in, or prescribed or notified under, the Income-tax Act falls for the completion of such action; and
- April 30, 2021 shall be the end date to which the time-limit for the completion of such action shall stand extended.
- Further it has been clarified that for the purposes of issuance of notice under Section 148 as per time-limit specified in Section 149 or sanction under section 151 of the Income-tax Act, under this sub-clause, the provisions of Section 148, Section 149 and Section 151 of the Income-tax Act, as the case may be, as they stood as on the March 31, 2021, before the commencement of the Finance Act, 2021, shall apply.
- If the compliance of any action referred to in Section 3(1)(B) of the TOL Act, relates to intimation of Aadhaar number to the prescribed authority under Section 139AA(2) of the Income-tax Act, the time-limit for compliance of such action has been extended till June 30, 2021.
- The completion of any action referred to in Section 3(1)(a) of the TOL Act, relates to passing of an order under Section 144C(13) or issuance of notice under Section 148 as per time-limit specified in Section 149 or sanction under Section 151 of the Income-tax Act-
- Where the Specified Act is Chapter VIII of the Finance Act, 2016 (“Finance Act”) and the completion of any action referred to in Section 3(1)(a) of the TOL Act, relates to sending an intimation under Section 168(1) the Finance Act-
- March 31, 2021 shall be the end date of the period during which the time limit, specified in, or prescribed or notified under, the Finance Act falls for the completion of such action.
- April 30, 2021 shall be the end date to which the time-limit for the completion of such action shall stand extended.
The Notification can be accessed at: http://egazette.nic.in/WriteReadData/2021/226312.pdf