Gujarat High Court decline to interfere with CBDT’s order rejecting further increase in due dates

INCOME TAX : Central Board of Direct Taxes (CBDT) is vested with power under section 119 of the Income-tax Act to extend due date and such powers are discretionary in nature. Thus, if CBDT has looked into matter closely and has arrived at conclusion that extension of time limit for filing of Income-tax Returns and Audit Reports would not be in interest of Revenue, then it couldn't be said that CBDT has failed to exercise its discretionary powers vested in it under section 119

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