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Under section 263(7)(a) of the Income-tax Act, 2025, who may allow an assessee, on application, more than fifteen days to rectify a defect in a return?

Question and options

Under section 263(7)(a) of the Income-tax Act, 2025, who may allow an assessee, on application, more than fifteen days to rectify a defect in a return?

  1. The Assessing Officer

  2. The Principal Commissioner

  3. The Central Board of Direct Taxes

  4. The Joint Commissioner

Answer and explanation

Correct answer: A - The Assessing Officer

Section 263(7)(a) lets the Assessing Officer who finds the return defective intimate the defect, give fifteen days to rectify it and allow a further period on the assessee's application. Under section 263(7)(c) the same officer may also condone a late rectification made before assessment.

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