Any person who has not filed the return within the time allowed under section 139(1) or within the time allowed under a notice issued by the Assessing Officer under section 142(1), may file a belated return u/s 139(4) —

CS Executive · Tax Laws and Practice · PYQS · December 2014
Any person who has not filed the return within the time allowed under section 139(1) or within the time allowed under a notice issued by the Assessing Officer under section 142(1), may file a belated return u/s 139(4) —
(A) At any time before the expiry of one year from the end of the relevant assessment year
(B) Before the completion of the assessment
(C) (A) or (B) above, whichever is earlier
(D) (A) or (B) above, whichever is later.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) (A) or (B) above, whichever is earlier. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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