Power of Central Government (C.G.) to Exempt any Person from filling I.T.R.
- C.G. may Exempt any Class of Person from filling I.T.R .
- C.G. normally issues a Notification for this purpose in the Official Gazette.
- CG shall also prescribe the conditions to be fulfilled by assessee
Note – CG can only exempt a Class of Person and not a Specific Person.
Procedure to be followed for Issuing Notification
Notification issued under Section 139 (1C) shall be placed before both houses of Parliament (Lok Sabha and Rajya Sabha) in the next session for 30 days
Parliament may make modification to such notification.
If modification made, such notification shall apply in modified form
If both houses agree that notification shall not be issued, this notification shall have no effect.