The Delhi High Court has ruled that the authority to extend the time for submitting audit reports under section 142(2c) exclusively lies with the Assessing Officer (AO) and cannot be exercised by the Commissioner of Income Tax (CIT).
Title: P.R. COMMISSIONER OF INCOME TAX CENTRAL-02 versus B.L. KASHYAP AND SONS LTD. + ITA 455/2022 Decided on: 11.12.2023 CORAM: HON’BLE MR J
