Home Income tax Individual Income Tax CBDT allows Processing of ITRs filed Electronically for Refund Claim beyond Deadline in Non-Scrutiny Cases

CBDT allows Processing of ITRs filed Electronically for Refund Claim beyond Deadline in Non-Scrutiny Cases

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CBDT allows Processing of ITRs filed Electronically for Refund Claim beyond Deadline in Non-Scrutiny Cases

CBDT permits Processing of ITRs filed Electronically for Refund Declare past Deadline in Non-Scrutiny Instances

The Central Board of Direct Taxes (CBDT) has allowed Processing of returns of earnings validly filed electronically with refund claims beneath part 143(1) of the Revenue-tax Act, 1961 past the prescribed cut-off dates in non-scrutiny circumstances.

It has been dropped at the discover of the Central Board of Direct Taxes (“Board”) that on account of sure technical points or for different causes not attributable to the asses sees involved, a number of returns for evaluation yr (AY) 2021-22, which had been in any other case filed validly beneath part 139 or 142 or 119 of the Revenue tax Act, 1961 (‘Act’) couldn’t be processed beneath sub-section (1) of part 143 of the Act. Consequently, intimation concerning processing of such returns couldn’t be despatched inside the timeframe prescribed beneath sub-section (1) of part 143 of the Act. This has led to a state of affairs the place the taxpayers are unable to get their authentic refund in accordance with provisions of the Act, though the delay shouldn’t be attributable to them.

The matter has been thought of by Board. To mitigate real hardship being confronted by the taxpayers on this challenge, Board, by advantage of its powers beneath part 119 of the Act, hereby relaxes the time frame prescribed in second proviso to sub-section (1) of part 143 and directs that every one returns of earnings validly filed electronically for AY 2021-22 with refund claims, for which date of sending intimation beneath sub-section (1) of part 143 of the Act has lapsed, topic to the exceptions talked about in para 4 under, could be processed now with prior administrative approval of Pr. CCIT/CCIT involved.

By 30.04.2024, the assessee in query could get intimation of such processing beneath sub-section (1) of part 143 of the Act.

All ensuing penalties beneath the Act, such because the issuance of refunds, should likewise happen in accordance with the rules. With the intention to assure ample protections, it has been decided that the Pr. CIT/CIT in query will ship the matter to the DGIT (Techniques) to grant the Assessing Officer the required authorization on a person foundation, after administrative approval from the Pr.CCIT/CCIT. The Pr.CIT/CIT in query will keep watch over how these issues are being dealt with.

The relief accorded above shall not be relevant to the next returns:

a) returns chosen in scrutiny;
b) returns remaining unprocessed, the place both demand is proven as payable within the return or is prone to come up after processing it;
c) returns remaining unprocessed for any motive attributable to the assessee.

This can be dropped at the discover of all for needed compliance.

For Official Order Obtain PDF Given Beneath:

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