HOW TO REQUEST FOR CONDONATION FOR LATE E VERIFICATION RESULTING IN INVALID RETURN ?
Project - #makeknowledgefree
By - Amlan Dutta
Posted by - Ritesh Jha
Sir i have a question last year i filled my ITR but didn't verified it. Now, i verified current year last year both but the last year income tax return acknowledgment shown invalid.
Solution:-
You get 120 days fro date of generation of acknowledgement to e verify ...if you delay further to 120 days then it becomes invalid ...check whether you have a option to seek condonation of delay of submitting ITR V under service portion( check my video for condonation of delay in submitting ITR V )...Basically, the income tax department has been given wide authority by the Central Board of Direct Taxes (CBDT) under section 119(2)(b) of the Income Tax Act to admit an application or claim for any exemption, deduction, refund or any other relief after the expiry of the period specified under the Act. Therefore, such powers of wide authority should include the powers to condone the delay in specific cases of failure to submit ITR-V as well."
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