Processing of returns claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases
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CBDT vide its order under section 119 of Income Tax Act, 1961 (Act) dated 05.07.2021 on the captioned subject relaxed the time-frame prescribed in second proviso to sub-section (1) of section 143 of IT Act. It was directed that all validly filed returns up to Assessment Year 2017-18 with refund claims which could not be processed under section 143 of the Act and which has become time-barred, should be processed by 20.09.2021 subject to conditions/exceptions specified therein.
The matte has been re-consider by Board in view of pending taxpayer’s grievances related to issue of refund. To mitigate the genuine hardship being faced by the taxpayers on this issue, Board, by virtue of its power under section 119 of the Act and in partial modification of its earlier order under section 119 of the Act dated 05.07.2021, supra, hereby further extends the time-frame mentioned in the para no. 3 of the said order from 30.09.2021 to 30.11.2021. All other contents of the said order under section 119 of the Act dated 05.07.2021 will remain unchanged.
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Team Taxation Insight
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