Meaning of tax terms

Meaning of “Before the expiry of the period”

Posted on by Prashant Thakur

Case Name : Society of divine providence Vs. Union of india 

Citation : [1998] 146 CTR (mp) 417

Court : Madhya pradesh high court

Section : 12a

Meaning : Expression ‘before expiry of the period’ in proviso (i) of clause (a) of section 12a requires sufficiency of reasons which prevented the persons from making the application within one year as required and not the reasons for the period beyond the prescribed period of one year.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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