Extension Of Certain Timelines Amid The ‘Second Wave' Of Covid-19

In view of the 'second wave' of the COVID-19 pandemic severely spreading across the country, the government of India has issued two notifications (notification numbers 38/2021 and 39/2021 dated 27 April 2021) (Notifications) to extend certain timelines with respect to various tax compliances which are expiring/due on 30 April 2021 to 30 June 2021:

• Time limit for passing of assessment/reassessment orders as provided under section 153/153B of the Income-tax Act, 1961 (IT Act);
• Time limit for passing of final assessment order pursuant to directions from Dispute Resolution Panel under section 144C(13) of the IT Act;
• Time limit for issuance of notice for reopening of assessment under section 148 of the IT Act;