The TLA, 2021 has amended section 119 of the FA, 2012 to provide that this Section shall cease to apply to person who fulfils certain conditions, such as withdrawal or furnishing of undertaking, etc. Later, CBDT has notified rules 11UE and 11UF to provide for Form, manner amp; specified conditions in order to be eligible to claim relief under TLA 2021. Now, the board has extended the provisions of such rules to Section 119 as well.The TLA, 2021 has amended section 119 of the FA, 2012 to provide that this Section shall cease to apply to person who fulfils certain conditions, such as withdrawal or furnishing of undertaking, etc. Later, CBDT has notified rules 11UE and 11UF to provide for Form, manner amp; specified conditions in order to be eligible to claim relief under TLA 2021. Now, the board has extended the provisions of such rules to Section 119 as well.taxmann.com Latest Statutory HappeningsRead More
