Government Extends Certain Timelines
In view of the severe Covid-19 pandemic Various Time Barring Dates, which were earlier extended to 30th April, 2021 by various notifications, may be further extended to 30th June, 2021
(i) Time limit for passing order for assessment or reassessment under section 153 or section 153B thereof;
(ii) Time limit for passing order consequent DRP under sub-section (13) of section 144C
(iii) Time limit for issuance of notice under section 148;
(iv) Time Limit for sending intimation of Equalisation Levy under section 168 of the Finance Act 2016.
It has also been decided that time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, shall be further extended to 30th June, 2021.