The Central Board of Direct Taxes (CBDT) on September 26, 2022, issued a notification regarding furnishing of return under section 170A of the Income Tax Act, 1961, it has been decided by the Board, that for successor companies in cases where the order of business reorganisation of the competent authority was issued between the period April 01, 2022, and September 30, 2023, the time available to furnish modified returns under section 170A of the Income Tax Act, 1961 has been extended to March 31, 2023.
The form ITR-A has been notified vide notification G.S.R. 709(E) dated September 19, 2022, and, comes into effect from November 01, 2022, which reduced the time available for furnishing modified returns for successor companies in cases where the order of business reorganisation of the competent authority was issued in the period between April 01, 2022, and September 30, 2022.
[File No. 370142/41/2022-TPL]
