Notification No. 01/2012 — Extension of time limit…

What this is

Notification No. 01/2012 was published on 23 October 2012. Its subject is Extension of time limit for filing ITR-V forms for A.Ys. 2010-11 and 2011-12.

This is an extension of time. It moves a date that the Act or the Rules otherwise fix, and it does so only for the compliance and the period it names — not for anything else that happens to fall due at the same time.

What it does

The Director General of Income Tax (Systems), in exercise of powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the Centralized Processing of Returns Scheme, 2011 notified by S.O. 16(E) dated 4 January 2012, extends the time limit for filing Form ITR-V in respect of income-tax returns filed electronically without a digital signature certificate. The extension covers returns for assessment year 2010-11 filed during financial year 2011-12 and returns for assessment year 2011-12 filed on or after 1 April 2011. Such ITR-V forms may now be filed up to 31 December 2012 or within 120 days from the date of uploading the electronic return data, whichever is later.

Why it was issued

The direction is issued to mitigate the hardship and grievance of taxpayers who were prevented by reasonable causes from filing the ITR-V in time.

Who it reaches

taxpayers who filed returns electronically without a digital signature for assessment years 2010-11 and 2011-12
the Centralized Processing Centre receiving ITR-V forms
tax practitioners chasing unverified electronic returns

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

Extension of time limit for filing ITR-V forms for A.Ys. 2010-11 and 2011-12
Notification NO. 1/2012 under CPR Scheme 2011 [F. No. DIT(S)-III/ITR-V Extension/2012-13], Dated 23-10-2012
In exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the 'Centralized Processing of Returns Scheme, 2011', issued vide C B D T Notification No. SO 16(E) dated 4.1.2012, the Director General of Income Tax (System) hereby extends the time limit for filing ITR-V forms relating to Income Tax Returns filed electronically (without digital signature Certificate) for A.Y. 2010-11 (filed during F.Y. 2011-12) and for A.Y. 2011-12 (filed on or after 1st April, 2011). These ITR-V forms can now be filed upto 31st December, 2012 or within a period of 120 days from the date of uploading of the electronic return data, whichever is later. This direction is issued to mitigate the hardship and grievance of the tax payers who have been prevented by reasonable causes to file the ITR-V in time.
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What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Forms it touches. Form No. ITR-V

From when

23 October 2012.

What to watch

The outer date is 31 December 2012, or 120 days from uploading the return data, whichever is later, so a late upload can carry the limit past December 2012.
Only assessment year 2010-11 returns filed during financial year 2011-12 and assessment year 2011-12 returns filed on or after 1 April 2011 are covered.
The extension is given under the Centralized Processing of Returns Scheme, 2011 and not under any provision of the Income-tax Rules, 1962.

Where you meet it

In the ITR-V acknowledgement sent to the Centralized Processing Centre after an electronic return filed without a digital signature, and in any grievance over a return treated as not filed for want of ITR-V.

← Notification No. 44/2012 · Notification no. F. 7/9/2008-NS.II (VOL. II), dated 17-10-2012 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.